In 2023, Germany, Poland, and Spain were the leading European countries in the final consumption of renewables and biofuels within the wood and wood products sector. Germany experienced a modest growth of 1.87% while Poland soared with a 6.88% increase. Spain maintained a steady growth of 1.06%. Meanwhile, Romania and Sweden faced declines of 0.31% and 3.1%, respectively. Interestingly, smaller countries like Ukraine and Serbia witnessed significant growth percentages, 35.88% and 13.25% respectively. However, Luxembourg and France saw declines with -5.53% and -4.46% changes.
Future trends to watch:
- Growth in renewable consumption is predicted to continue, especially in Poland, driven by policy shifts towards sustainability.
- Potential challenges include economic fluctuations and changes in energy policies affecting renewable investment in other regions.
- Focus on technological advancements could further enhance efficiency and uptake in the sector.
- Monitoring countries with high growth rates like Ukraine and smaller markets may provide insights into emerging opportunities.
Top countries in Wood and Wood Products Sector Final Consumption of Renewables and Biofuels Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.41 | 2023 | +1.26% | +1.87% | View data |
| 2 | 2 Poland | 15.85 | 2023 | +4.69% | +6.88% | View data |
| 3 | 3 Spain | 7.83 | 2023 | +2.27% | +1.06% | View data |
| 4 | 4 Latvia | 6.91 | 2023 | +2.72% | +4.57% | View data |
| 5 | 5 Sweden | 6.14 | 2023 | -1.21% | -3.1% | View data |
| 6 | 6 Austria | 5.46 | 2023 | +1.53% | +1.26% | View data |
| 7 | 7 France | 5.34 | 2023 | -3.68% | -4.46% | View data |
| 8 | 8 Finland | 4.18 | 2023 | -0.017% | +1.95% | View data |
| 9 | 9 Belgium | 3.41 | 2023 | +2.69% | +1.58% | View data |
| 10 | 10 Italy | 3.03 | 2023 | +5.14% | +0.45% | View data |
