In 2023, Serbia had the highest lignite consumption in the machinery sector among the countries analyzed, with a notable year-on-year increase of 3.42%. Conversely, the Czech Republic experienced a significant decline of 27.85%. Bosnia and Herzegovina and Hungary also saw decreases of 10.63% and 14.21%, respectively. Montenegro and Macedonia maintained stable consumption levels, albeit at low volumes, with Macedonia showing no variation. Bulgaria registered a decline of 14.37%, and Romania had minimal consumption with negligible recorded change.
Looking towards the future trends, the European lignite market may witness shifts influenced by energy policy changes and technological advancements geared towards decarbonization. Countries may further reduce reliance on lignite in favor of more sustainable energy sources, driven by environmental regulations and the increasing competitiveness of renewable energy. Watch for policy shifts favoring sustainable machinery fuels, and potential technology changes impacting lignite consumption patterns in the region. These dynamics may lead to reduced consumption or even phasing out of lignite in the machinery sector over time.
Top countries in Lignite Final Consumption in Machinery Sector Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Serbia | 74.61 | 2023 | +5.71% | +3.42% | View data |
| 2 | 2 Czech Republic | 10.79 | 2023 | -31.82% | -27.85% | View data |
| 3 | 3 Bosnia and Herzegovina | 4.2 | 2023 | -7.83% | -10.63% | View data |
| 4 | 4 Montenegro | 2.38 | 2023 | +5.53% | +5.53% | View data |
| 5 | 5 Hungary | 1.59 | 2023 | -0.56% | -14.21% | View data |
| 6 | 6 Macedonia | 0.68 | 2023 | -5% | View data | |
| 7 | 7 Bulgaria | 0.31 | 2023 | -28.57% | -14.37% | View data |
| 8 | 8 Romania | 0.19 | 2021 | +50% | View data |
