As of 2023, Spain leads in fuel oil gross electricity production share in Europe, followed by France and Greece. Significant year-on-year increases were observed in Ireland (68.87%) and Macedonia (22.56%), while notable decreases were seen in countries like Portugal (-26.37%) and Ukraine (-27.51%). The United Kingdom and Denmark saw steep declines, exceeding -50% and -30% respectively. Over the last five years, the sector has seen overall declines in most countries, reflecting a shift towards cleaner energy sources.
Future trends indicate a continued decline in the use of fuel oil for electricity production, driven by the European Union's commitment to reducing carbon emissions and increasing reliance on renewable energy sources. Monitoring countries like Ireland and emerging markets, which still show growth, will be crucial for future assessments.
Top countries in Fuel Oil Gross Electricity Production Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 30.22 | 2023 | +2.81% | -2.28% | View data |
| 2 | 2 France | 14.89 | 2023 | +2.74% | +1.13% | View data |
| 3 | 3 Greece | 14.68 | 2023 | +3% | -0.087% | View data |
| 4 | 4 Cyprus | 12.45 | 2023 | +5.62% | -0.28% | View data |
| 5 | 5 Poland | 6.84 | 2023 | +0.13% | +3.49% | View data |
| 6 | 6 Ireland | 5.3 | 2023 | +1.13% | +68.87% | View data |
| 7 | 7 Germany | 3.79 | 2023 | +1.38% | -1.8% | View data |
| 8 | 8 Italy | 2.63 | 2023 | -44.41% | -6.79% | View data |
| 9 | 9 Slovakia | 1.83 | 2023 | +2.75% | +1.86% | View data |
| 10 | 10 Austria | 1.41 | 2023 | -4.99% | +1.49% | View data |
