In 2023, the Netherlands led European fuel oil transformation output with 9.9 million tonnes, followed by Germany and Belgium at 6.71 and 6.46 million tonnes respectively. Notable year-on-year declines include the United Kingdom at -19.67% and Ukraine at -32.19%, while France showed a marginal increase of 0.1%. Norway exhibited a significant positive change with a 3.24% increase. The CAGR over the last five years indicates overall declines in several countries, with the exception of modest increases in select areas such as Slovakia.
Future trends to watch include:
- Potential shifts toward increased sustainable energy practices across Europe could further affect fuel oil output.
- Market volatility and geopolitical tensions might continue to impact smaller economies like Moldova and Estonia.
- Technological advancements and energy policies could lead to further diversification in energy sources.
Top countries in Fuel Oil Transformation Output by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 9,900 | 2023 | -0.12% | -1.82% | View data |
| 2 | 2 Germany | 6,710 | 2023 | +0.26% | -1.56% | View data |
| 3 | 3 Belgium | 6,460 | 2023 | +6.47% | -3.59% | View data |
| 4 | 4 France | 5,680 | 2023 | +4.93% | +0.1% | View data |
| 5 | 5 Italy | 5,590 | 2023 | -3.56% | -3.12% | View data |
| 6 | 6 Sweden | 5,160 | 2023 | +2.92% | -0.04% | View data |
| 7 | 7 Greece | 4,900 | 2023 | +6.19% | -4.82% | View data |
| 8 | 8 Spain | 4,450 | 2023 | -3.11% | -5.14% | View data |
| 9 | 9 Poland | 3,090 | 2023 | +7.53% | -2.67% | View data |
| 10 | 10 Portugal | 2,270 | 2023 | -0.87% | -2.02% | View data |
