In 2023, Germany led European crude oil consumption at 82.66 million tonnes of oil equivalent. Spain and Italy followed at 68.49 and 65.87, respectively. Noticeable year-on-year declines were observed in France (-3.33%) and the United Kingdom (-1.95%), while the Netherlands saw a slight increase (0.83%). Among smaller consumers, Ukraine's consumption increased markedly by 10.39%, while Bosnia and Herzegovina experienced a drastic reduction of 34.34%. The five-year CAGR indicates overall modest declines, highlighting potential shifts in energy sourcing or efficiency improvements.
Future trends to watch include geopolitical impacts on supply chains, shifts toward green energy, and the growth of electric vehicles reducing oil dependency. Eastern European countries may show varied trends due to economic transitions, while Western European nations might lead innovations in reducing oil consumption.
Top countries in Crude Oil Gross Inland Consumption by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 82,660 | 2023 | -1.42% | -1.49% | View data |
| 2 | 2 Spain | 68,490 | 2023 | +4.66% | -0.03% | View data |
| 3 | 3 Italy | 65,870 | 2023 | +2.51% | -0.34% | View data |
| 4 | 4 Netherlands | 58,390 | 2023 | +2.99% | +0.83% | View data |
| 5 | 5 United Kingdom | 48,310 | 2023 | -2.5% | -1.95% | View data |
| 6 | 6 France | 46,540 | 2023 | +2.25% | -3.33% | View data |
| 7 | 7 Belgium | 34,610 | 2023 | +4.94% | +0.81% | View data |
| 8 | 8 Poland | 26,270 | 2023 | +1.29% | -0.85% | View data |
| 9 | 9 Greece | 23,890 | 2023 | +1.18% | -0.2% | View data |
| 10 | 10 Sweden | 17,870 | 2023 | -0.91% | -2.47% | View data |
