In 2024, Germany leads Europe in kerosene-type jet fuel opening stock with 1.61 million metric tons, followed by France at 1.4 million. The UK has seen a decline over the previous year with -2.91%, while Spain and Italy demonstrated growth rates of 5.16% and 3.73% respectively. Sweden and Belgium experienced significant increases at 13.15% and 13.21%, reflecting strong year-on-year growth. Norway shows the most substantial variation with a 24.63% increase. However, smaller markets such as Latvia and Iceland still reported notable percentage changes driven by smaller baseline volumes.
Looking forward, geopolitical factors, green energy transitions, and post-pandemic travel patterns will significantly influence jet fuel stocks in Europe. Monitoring regulatory changes and airline recovery strategies will be vital as they pivot towards sustainable aviation fuels and improved efficiency to align with climate objectives.
Top countries in Kerosene-Type Jet Fuel Opening Stock by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,610 | 2023 | +2.22% | +1.85% | View data |
| 2 | 2 France | 1,400 | 2023 | +1.53% | +2.29% | View data |
| 3 | 3 United Kingdom | 960 | 2023 | -0.41% | -2.91% | View data |
| 4 | 4 Spain | 948 | 2023 | +1.72% | +5.16% | View data |
| 5 | 5 Italy | 859.92 | 2023 | +2.39% | +3.73% | View data |
| 6 | 6 Belgium | 749.9 | 2023 | +3.86% | +13.21% | View data |
| 7 | 7 Netherlands | 602.46 | 2023 | +2.99% | +8.94% | View data |
| 8 | 8 Sweden | 583.89 | 2023 | +1.81% | +13.15% | View data |
| 9 | 9 Ireland | 396.78 | 2023 | +2.42% | +7.8% | View data |
| 10 | 10 Greece | 358.67 | 2023 | +3.81% | +2.45% | View data |
