In 2023, the Netherlands remained the leader in European fuel oil transformation output, followed by Germany and Belgium. Notable growth was observed in France and Sweden, with minimal positive changes, while countries like Greece, Spain, and Finland saw declines. The UK's significant decrease of nearly 20% is a major outlier. Across a five-year period, Eastern European countries like Serbia, Ukraine, and the Czech Republic have shown decreasing trends, impacting their overall energy output share.
Looking forward, monitoring the transition to alternative fuels and the influence of EU policies on traditional fuel oil markets will be crucial. Countries like Norway, experiencing positive year-on-year growth, might emerge as new leaders in output share as demand patterns shift.
Top countries in Fuel Oil Transformation Output Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 15.32 | 2023 | +0.018% | -1.97% | View data |
| 2 | 2 Germany | 10.75 | 2023 | +1.38% | -1.1% | View data |
| 3 | 3 Belgium | 10.42 | 2023 | +6.38% | -3.62% | View data |
| 4 | 4 France | 8.86 | 2023 | +4.93% | +0.1% | View data |
| 5 | 5 Italy | 8.73 | 2023 | -3.56% | -3.12% | View data |
| 6 | 6 Sweden | 8.18 | 2023 | +3.7% | +0.29% | View data |
| 7 | 7 Greece | 7.77 | 2023 | +7.12% | -4.5% | View data |
| 8 | 8 Spain | 6.94 | 2023 | -3.11% | -5.14% | View data |
| 9 | 9 Poland | 4.9 | 2023 | +8.32% | -2.36% | View data |
| 10 | 10 Portugal | 3.35 | 2023 | -3.23% | -3.04% | View data |
