In 2023, Germany, France, and Spain were the leading countries in the European oil products opening stock share, with Germany commanding the largest share. While Germany and France experienced slight decreases in stock share by 0.9% and 0.13% respectively, Spain saw a 1.39% increase. Denmark, Belgium, and Austria demonstrated substantial increases, with Denmark leading at 7.59%. Conversely, significant declines were observed in Bulgaria and the United Kingdom, decreasing by 5.3% and 1.56% respectively. Over a five-year trajectory, this market has shown moderate growth.
Future trends to watch in European oil products include potential shifts in stock levels driven by renewable energy adoption and geopolitical factors affecting oil supply. Countries showcasing positive trajectories like Denmark and the Netherlands may continue to see growth due to progressive energy policies. Conversely, the United Kingdom and Bulgaria might face challenges in stabilizing their stock shares amid market changes.
Top countries in Oil Products Opening Stock Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.36 | 2023 | -0.64% | -0.9% | View data |
| 2 | 2 France | 13.2 | 2023 | +0.083% | -0.13% | View data |
| 3 | 3 Spain | 10.54 | 2023 | +2.05% | +1.39% | View data |
| 4 | 4 Italy | 9.76 | 2023 | -2.09% | -0.82% | View data |
| 5 | 5 Netherlands | 9.73 | 2023 | +0.47% | +2.22% | View data |
| 6 | 6 Belgium | 5.03 | 2023 | +1.04% | +4.85% | View data |
| 7 | 7 United Kingdom | 4.75 | 2023 | -0.92% | -1.56% | View data |
| 8 | 8 Denmark | 3.35 | 2023 | +0.74% | +7.59% | View data |
| 9 | 9 Finland | 3.19 | 2023 | +1.49% | +0.49% | View data |
| 10 | 10 Poland | 3.18 | 2023 | +1.7% | +1.73% | View data |
