In 2023, the United Kingdom led European renewables and biofuels imports, marking a robust 8.06% growth. Germany, Italy, and Denmark followed, with Denmark experiencing a noteworthy 10.61% rise. The Netherlands showed an exceptional increase at 36.85%. Most countries displayed positive trends, while Austria, Hungary, and others witnessed slight declines. Notably, Latvia, Cyprus, Estonia, and Kosovo demonstrated significant gains, with Kosovo leading at 46.92%. Over the past five years, the region exhibited a steady compounded annual growth in imports, reflecting Europe's growing commitment to renewable energy adoption.
Future trends to watch include the continued acceleration in importation by countries such as the Netherlands and Denmark, anticipated stronger growth in smaller markets like Estonia and Kosovo, and potential shifts in import dynamics due to policy changes and technological advancements in renewable energies.
Top countries in Imports of Renewables and Biofuels by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 5,510 | 2023 | +4.61% | +8.06% | View data |
| 2 | 2 Germany | 3,100 | 2023 | +3.1% | +3.57% | View data |
| 3 | 3 Italy | 3,010 | 2023 | +2.19% | +0.58% | View data |
| 4 | 4 Denmark | 2,940 | 2023 | +6.78% | +10.61% | View data |
| 5 | 5 Netherlands | 2,490 | 2023 | +16.63% | +36.85% | View data |
| 6 | 6 France | 2,360 | 2023 | +15.71% | +7.18% | View data |
| 7 | 7 Sweden | 1,990 | 2023 | +3.77% | +0.9% | View data |
| 8 | 8 Spain | 1,760 | 2023 | +7.57% | +1.1% | View data |
| 9 | 9 Belgium | 1,380 | 2023 | +3.53% | +3.63% | View data |
| 10 | 10 Poland | 1,150 | 2023 | +3.79% | +5.04% | View data |
