The analysis showcases France as the dominant consumer of fuel oil in the non-metallic minerals sector, with consumption nearly doubling that of Italy, the second-largest consumer. Germany has shown a notable increase in consumption, experiencing a 12% rise, contrasting the significant reductions in Belgium, Greece, and the UK, with decreases over 18%. Sweden and Austria presented positive trends, while the overall European market indicated varied trajectories, with many countries reducing their fuel oil usage.
Future trends to observe include the potential shift towards more sustainable energy sources, driving further decreases in fuel oil consumption. Monitor policy changes and technological advancements that could impact sector consumption patterns in Europe, especially within leading economies. Additionally, watch competitive developments among alternative energy sectors that could impact consumption rates in the coming years.
Top countries in Fuel Oil Final Consumption in Non-Metallic Minerals Sector by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 247.59 | 2023 | -26.05% | -14.17% | View data |
| 2 | 2 Italy | 107.21 | 2023 | -12.9% | -14.15% | View data |
| 3 | 3 Germany | 36.62 | 2023 | +6.45% | +12.18% | View data |
| 4 | 4 Sweden | 21.49 | 2023 | -0.46% | +1.61% | View data |
| 5 | 5 Belgium | 15.15 | 2023 | -52.83% | -27.25% | View data |
| 6 | 6 Cyprus | 12.18 | 2021 | -6.36% | +4.64% | View data |
| 7 | 7 Spain | 11.83 | 2023 | -37.18% | -13.45% | View data |
| 8 | 8 Serbia | 9.23 | 2023 | +7.69% | +0.039% | View data |
| 9 | 9 Greece | 8.97 | 2023 | -89.38% | -35.22% | View data |
| 10 | 10 Czech Republic | 8.49 | 2023 | +0.33% | -7.01% | View data |
