The 2024 forecast for European marine fuel imports reveals Denmark and Germany as dominant players, with shares of 30.67 and 30.32 thousand metric tons respectively. Greece, Norway, and Italy follow, albeit with significantly lower values. The UK shows a noticeable decline of 4.5% year-on-year, while countries like Cyprus (-16.34%) and Latvia (-23.3%) display sharp declines. Over the last two years, countries such as Greece (+3.29%) and Italy (+2.37%) have had positive growth, contrasting with the general downtrend seen in others like France (-7.22%) and Iceland (-6.55%). Analyzing the five-year CAGR shows consistent annual decreases for most nations.
Future trends to watch include the potential shifts in import shares due to evolving environmental policies, changing global trade routes, and technological advancements in marine fuel efficiency. Additionally, geopolitical factors and regional economic conditions could significantly alter the current landscape, making it essential for stakeholders to stay informed on the latest developments.
Top countries in Marine Fuel Imports Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 30.67 | 2023 | +5.19% | +1.54% | View data |
| 2 | 2 Germany | 30.32 | 2023 | +8.57% | +0.87% | View data |
| 3 | 3 Greece | 11.08 | 2023 | +4.01% | +3.29% | View data |
| 4 | 4 Norway | 10.46 | 2023 | +0.41% | -0.44% | View data |
| 5 | 5 Italy | 7.71 | 2023 | +5.49% | +2.37% | View data |
| 6 | 6 United Kingdom | 4.14 | 2023 | -6.59% | -4.5% | View data |
| 7 | 7 Belgium | 1.13 | 2023 | +1.01% | -3.07% | View data |
| 8 | 8 Finland | 0.98 | 2023 | +4.84% | -2% | View data |
| 9 | 9 France | 0.96 | 2023 | -3.74% | -7.22% | View data |
| 10 | 10 Spain | 0.35 | 2023 | -1.38% | +0.92% | View data |
