In 2023, the European Fuel Oil Opening Stock Share was predominantly led by the Netherlands, showing a significant increase of 12.09% from the previous year. Germany and Italy, key players, experienced slight reductions of -1.94% and -3.98% respectively. Spain saw a decline of -4.6%, while Denmark rose by an impressive 17.86%. Minor declines were observed in Greece, Croatia, and Lithuania. Positive growth was notable in Portugal, Malta, Cyprus, and Moldova. In contrast, the United Kingdom faced a stark decrease of -38.34%. Smaller countries such as Iceland and Montenegro exhibited modest growth. Over the last five years, the compounded average growth rate (CAGR) indicates a mix of modest increases and reductions across the board.
Looking forward, significant trends to watch include continued expansion in Denmark and the Netherlands. Attention should be paid to potential declines in major markets like Germany and Spain. Geopolitical factors and policy changes will be pivotal in shaping these trends. Adaptability to sustainable practices and alternative energy sources might also affect the fuel oil opening stock volumes in European countries.
Top countries in Fuel Oil Opening Stock Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 18.76 | 2023 | +0.2% | +12.09% | View data |
| 2 | 2 Italy | 11.35 | 2023 | -10.56% | -3.98% | View data |
| 3 | 3 Germany | 9.47 | 2023 | -0.37% | -1.94% | View data |
| 4 | 4 Spain | 8.19 | 2023 | -2.71% | -4.6% | View data |
| 5 | 5 Denmark | 8.14 | 2023 | -2.57% | +17.86% | View data |
| 6 | 6 Belgium | 7.66 | 2023 | -0.11% | +1.89% | View data |
| 7 | 7 Greece | 7.23 | 2023 | +1.75% | +0.35% | View data |
| 8 | 8 Sweden | 5.39 | 2023 | -4.61% | -3.39% | View data |
| 9 | 9 France | 4.46 | 2023 | -7.59% | -2% | View data |
| 10 | 10 Finland | 3.94 | 2023 | +2.51% | +1.25% | View data |
