The European Mining and Quarrying sector shows notable variations in the final consumption of renewables and biofuels. In 2023, Sweden and Finland led with significant increases of 24.13% and 24.9%, respectively. Conversely, Germany and Spain saw decreases of 8.73% and 32.67%. Denmark experienced a notable rise of 13.4%. Over a five-year period, the sector's compound annual growth was marked by volatility, reflecting a mix of progressive growth in some countries and declines in others.
Future trends to watch for include:
- Increased adoption of renewable energy in Northern European countries like Sweden and Finland.
- A potential rebound in countries like Spain and Germany facing current declines.
- Policy-driven growth in less prominent renewable energy consumers, spurred by EU sustainability targets.
Top countries in Mining and Quarrying Sector Final Consumption of Renewables and Biofuels by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 49.51 | 2023 | +16.74% | +24.13% | View data |
| 2 | 2 France | 19.34 | 2023 | +2.86% | -2.31% | View data |
| 3 | 3 Denmark | 13.44 | 2023 | +2% | +13.4% | View data |
| 4 | 4 Germany | 5.78 | 2023 | +10.59% | -8.73% | View data |
| 5 | 5 Netherlands | 5.28 | 2023 | +27.66% | View data | |
| 6 | 6 Finland | 4.94 | 2023 | +12.28% | +24.9% | View data |
| 7 | 7 Portugal | 2.3 | 2023 | +2.81% | +7.49% | View data |
| 8 | 8 Serbia | 1.99 | 2023 | +6.14% | -0.55% | View data |
| 9 | 9 Romania | 1.83 | 2023 | +3.15% | -2.19% | View data |
| 10 | 10 Norway | 1.25 | 2023 | +2.71% | View data |
