In 2023, China led the global total support for petroleum for transportation, followed by Australia, Italy, and France. Countries like Chile and Sweden showed notable year-on-year growth, whereas Argentina, Canada, and Moldova faced declines. Germany and Japan also experienced falling trends. The year-over-year variation in 2023 reflected mixed economic resilience and energy policy dynamics.
Future trends to watch include:
- Economic and policy shifts in major oil-consuming countries such as China, affecting global petroleum support dynamics.
- The impact of renewable energy adoption and environmental policies accelerating a decline in petroleum reliance.
- Technological advancements catalyzing energy efficiency, potentially reducing petroleum support needs.
Top countries in Total Support on Petroleum for Transportation Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 43.12 | 2023 | -0.53% | +1.93% | View data |
| 2 | 2 Australia | 11.77 | 2023 | +3.64% | +1.36% | View data |
| 3 | 3 Italy | 10.74 | 2023 | +3.48% | +0.39% | View data |
| 4 | 4 France | 10.13 | 2023 | +5.47% | +5.25% | View data |
| 5 | 5 South Africa | 4.57 | 2023 | +6.52% | +2.35% | View data |
| 6 | 6 Switzerland | 4.46 | 2023 | +11.29% | +0.65% | View data |
| 7 | 7 Ireland | 3.51 | 2023 | +8.23% | -0.31% | View data |
| 8 | 8 Chile | 2.98 | 2023 | +11.1% | +5.51% | View data |
| 9 | 9 Sweden | 2.57 | 2023 | -1.23% | +6.51% | View data |
| 10 | 10 Argentina | 2.54 | 2023 | -2.2% | -7.05% | View data |
