In 2023, Spain led European fuel oil consumption in domestic navigation with 42.05 GWh, significantly ahead of other countries. Denmark exhibited the most notable uptick with a substantial increase of 185.57% compared to 2022. Conversely, countries like France and Belgium experienced steep declines of 28.62% and 68.63%, respectively. Italy and Greece saw minor reductions, while Portugal faced a marginal decrease. The annual CAGR over the past five years revealed diverse trends, with Scandinavian countries maintaining lower consumption levels despite minor annual fluctuations.
Looking ahead, we anticipate growth in greener and renewable energy alternatives influencing fuel oil consumption patterns. Policy changes focused on decarbonization and improvements in maritime technology may significantly impact traditional fuel oil usage in navigation across Europe. Adapting to the evolving energy landscape will be crucial for maintaining sustainable consumption levels.
Top countries in Fuel Oil Final Consumption in Domestic Navigation Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 42.05 | 2023 | +8.46% | +2.83% | View data |
| 2 | 2 Italy | 22.6 | 2023 | -1.84% | -2.5% | View data |
| 3 | 3 Greece | 22.3 | 2023 | +2.11% | -2.55% | View data |
| 4 | 4 Sweden | 6.3 | 2023 | +5.35% | -2.66% | View data |
| 5 | 5 Portugal | 4.55 | 2023 | +6.31% | -0.34% | View data |
| 6 | 6 Denmark | 1.54 | 2023 | +1.4% | +185.57% | View data |
| 7 | 7 Norway | 1.53 | 2021 | -2.46% | View data | |
| 8 | 8 Finland | 0.75 | 2023 | +3.38% | -1.17% | View data |
| 9 | 9 France | 0.3 | 2023 | -53.89% | -28.62% | View data |
| 10 | 10 Iceland | 0.26 | 2023 | +24.12% | -6.76% | View data |
