In 2023, the Netherlands leads European fuel oil consumption in maritime bunkers, with 8.79 million tonnes oil equivalent, followed by Belgium and Spain. Denmark shows a notable increase at 11.16%, while Latvia's consumption surged by 85.49%. Conversely, Germany, the UK, and Ireland experienced significant reductions, with Germany notably dropping by 24.05%. Over the last five years, consumption has displayed varied growth rates across countries, reflecting changing maritime activities and energy strategies.
Future trends to monitor include shifts towards cleaner fuel alternatives driven by environmental regulations and technological advancements, potentially reducing overall fuel oil consumption. Changes in global trade routes and economic activity levels could also influence demand.
Top countries in Fuel Oil Consumption in International Maritime Bunkers by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 8,790 | 2023 | -1.31% | -0.52% | View data |
| 2 | 2 Belgium | 7,180 | 2023 | +7.36% | -2.03% | View data |
| 3 | 3 Spain | 5,310 | 2023 | +4.49% | -1.47% | View data |
| 4 | 4 Italy | 2,130 | 2023 | +3.02% | -0.62% | View data |
| 5 | 5 Greece | 2,080 | 2023 | +8.78% | +2.36% | View data |
| 6 | 6 Sweden | 1,820 | 2023 | +1.91% | +7.62% | View data |
| 7 | 7 Malta | 1,640 | 2023 | +2.88% | -2.19% | View data |
| 8 | 8 France | 1,540 | 2023 | +10.31% | -2.67% | View data |
| 9 | 9 Portugal | 780.24 | 2023 | +8.09% | +3.17% | View data |
| 10 | 10 United Kingdom | 494.87 | 2023 | -8.9% | -9.05% | View data |
