In 2023, the Netherlands led European Fuel Oil Transformation Output with 114.21 TWh. Germany followed with 80.14 TWh, and Belgium placed third at 75.05 TWh. France saw a slight gain of 0.1%, totalling 66.02 TWh. Italy's output decreased by 3.12% to 65.05 TWh. Noteworthy was Norway's 3.83% increase to 20.06 TWh, contrasting with significant declines in the UK (-19.67%), Ukraine (-32.19%), and the Czech Republic (-22.73%). Reflecting broader shifts, the sector’s average annual growth rate over the past five years displayed varied trajectories, with some countries maintaining stability while others experienced sharp declines.
Future trends to watch include a potential shift towards renewable energy sources, potentially reducing fuel oil transformation output. Investments in green technologies and evolving energy policies may further influence these numbers, particularly in countries aiming for substantial carbon footprint reductions. Monitoring these transitions will be crucial in forecasting future output patterns.
Top countries in Fuel Oil Transformation Output by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 114,210 | 2023 | +0.018% | -1.97% | View data |
| 2 | 2 Germany | 80,140 | 2023 | +1.38% | -1.1% | View data |
| 3 | 3 Belgium | 75,050 | 2023 | +6.38% | -3.62% | View data |
| 4 | 4 France | 66,020 | 2023 | +4.93% | +0.1% | View data |
| 5 | 5 Italy | 65,050 | 2023 | -3.56% | -3.12% | View data |
| 6 | 6 Sweden | 60,980 | 2023 | +3.7% | +0.29% | View data |
| 7 | 7 Greece | 57,910 | 2023 | +7.12% | -4.5% | View data |
| 8 | 8 Spain | 51,710 | 2023 | -3.11% | -5.14% | View data |
| 9 | 9 Poland | 36,550 | 2023 | +8.32% | -2.36% | View data |
| 10 | 10 Portugal | 25,000 | 2023 | -3.23% | -3.04% | View data |
