In 2023, Spain led European fuel oil electricity production in gigawatthours, despite a slight decline of 2.31%. France showed positive growth with an increase of 1.08%. Noteworthy, Ireland demonstrated a significant surge of over 71%, while other countries like Ukraine, Finland, and Denmark saw dramatic declines. Trinity countries such as Greece, Cyprus, and Germany maintained stability with minor fluctuations.
Future trends in Europe's fuel oil electricity market indicate a gradual decline in production. Spain and Germany might see further reductions due to increased adoption of renewable energy. Countries like Ireland, with their recent production surge, could experience volatility as they balance traditional and renewable energy sources. Monitoring policy changes and technological advancements will be crucial for predicting shifts in this sector.
Top countries in Fuel Oil Gross Electricity Production Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 29.78 | 2023 | +3.18% | -2.31% | View data |
| 2 | 2 France | 14.5 | 2023 | +2.65% | +1.08% | View data |
| 3 | 3 Greece | 13.81 | 2023 | +1.62% | -0.62% | View data |
| 4 | 4 Cyprus | 12.39 | 2023 | +6.64% | +0.11% | View data |
| 5 | 5 Poland | 6.73 | 2023 | +0.59% | +3.65% | View data |
| 6 | 6 Ireland | 5.51 | 2023 | +6.21% | +71.06% | View data |
| 7 | 7 Germany | 3.84 | 2023 | +3.06% | -1.09% | View data |
| 8 | 8 Italy | 3.66 | 2023 | -30.72% | +0.1% | View data |
| 9 | 9 Portugal | 1.44 | 2023 | -31.97% | -17.48% | View data |
| 10 | 10 Slovakia | 1.42 | 2023 | +0.54% | -2.7% | View data |
