The European fuel oil consumption in the non-ferrous metal sector in 2023 showed diverse trends across countries. Italy leads with the highest consumption, followed by Spain and Germany. Italy and Spain experienced minor growth, while Germany saw a significant increase of 5.15%. In contrast, Bulgaria and Poland saw reductions in consumption, with Bulgaria dropping by 3.2%. Finland faced a notable decline of 10.55%, indicating shifting sector dynamics or efficiency improvements. Serbia recorded substantial growth at 6.7%, while Kosovo's consumption remained nearly unchanged. Other countries like Belgium saw major declines, with a remarkable decrease of 18.41%.
Looking toward the future, trends in renewable energy adoption, technological advancements, and regulatory policies aimed at reducing fossil fuel dependence could heavily influence fuel oil consumption in this sector. Increased emphasis on energy efficiency and potential economic shifts in the non-ferrous metals market will also play pivotal roles in shaping future consumption patterns across Europe.
Top countries in Fuel Oil Final Consumption in Non-Ferrous Metal Sector by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 545.49 | 2023 | +13.05% | +1.31% | View data |
| 2 | 2 Spain | 412.1 | 2023 | +6.96% | +1.03% | View data |
| 3 | 3 Germany | 242.52 | 2023 | -0.095% | +5.15% | View data |
| 4 | 4 Bulgaria | 116.72 | 2023 | -1.44% | -3.2% | View data |
| 5 | 5 Serbia | 109.14 | 2023 | +7.77% | +6.7% | View data |
| 6 | 6 Kosovo | 101.82 | 2023 | -1.68% | +0.009% | View data |
| 7 | 7 Poland | 70.64 | 2023 | -2.86% | -0.28% | View data |
| 8 | 8 Finland | 51.4 | 2023 | -7.48% | -10.55% | View data |
| 9 | 9 Sweden | 35.47 | 2023 | +3.27% | -0.01% | View data |
| 10 | 10 Ireland | 8.65 | 2021 | -63.01% | -2.37% | View data |
