In 2023, the United Kingdom was the leading importer of renewables and biofuels in Europe, followed by Germany and Italy. The Netherlands and Latvia showed significant year-on-year growth of 36.85% and 21.36%, respectively. Meanwhile, Austria and Albania witnessed declines. Over the last five years, a clear upward trend is observed, driven by increasing demand for clean energy sources, with countries like Denmark and Finland showing steady growth. Smaller markets, such as Kosovo and Estonia, also demonstrated considerable growth due to lower bases.
Future trends to watch include accelerated adoption fueled by the European Union's renewable energy policies and technology advancements. Nations that have experienced high growth, like the Netherlands and Latvia, may continue to lead this transition. Additionally, Eastern European countries and those with recent statutory commitments are likely to expand their import volumes significantly, fostering new market opportunities.
Top countries in Imports of Renewables and Biofuels Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 17.39 | 2023 | +4.61% | +8.06% | View data |
| 2 | 2 Germany | 9.73 | 2023 | +2.93% | +3.46% | View data |
| 3 | 3 Italy | 9.47 | 2023 | +2.19% | +0.58% | View data |
| 4 | 4 Denmark | 9.29 | 2023 | +6.78% | +10.61% | View data |
| 5 | 5 Netherlands | 7.88 | 2023 | +16.63% | +36.85% | View data |
| 6 | 6 France | 7.46 | 2023 | +15.71% | +7.18% | View data |
| 7 | 7 Sweden | 6.29 | 2023 | +3.77% | +0.9% | View data |
| 8 | 8 Spain | 5.28 | 2023 | +4.91% | +0.059% | View data |
| 9 | 9 Belgium | 4.35 | 2023 | +3.58% | +3.65% | View data |
| 10 | 10 Poland | 3.7 | 2023 | +4.25% | +5.46% | View data |
