In 2023, the European biofuels for blending closing stock stood out with the Netherlands leading at 622.37 thousand metric tons, followed by the United Kingdom at 130 thousand metric tons. France maintained 73 thousand metric tons, Hungary had 25 thousand metric tons, and Bulgaria accounted for 0.28 thousand metric tons.
Year-on-year growth in 2023 was most significant in the United Kingdom at 4.17%, followed by the Netherlands at 4.09%. Hungary experienced a 2.59% increase, while France had a modest 0.84% growth. Bulgaria's stock remained steady.
Trends to watch:
- Innovations in biofuel production methods enhancing efficiency and sustainability.
- European Union regulations impacting biofuel demand and stock levels.
- Economic and geopolitical factors influencing import and export dynamics.
Top countries in Biofuels for Blending Closing Stock by Country
| # | 5 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 622.37 | 2023 | +4.31% | +4.09% | View data |
| 2 | 2 United Kingdom | 130 | 2023 | +6.56% | +4.17% | View data |
| 3 | 3 France | 73 | 2023 | +2.82% | +0.84% | View data |
| 4 | 4 Hungary | 25 | 2023 | 0% | +2.59% | View data |
| 5 | 5 Bulgaria | 0.28 | 2023 | +1.45% | View data |
