In 2023, the Netherlands dominated fuel oil imports with 45.38%, followed by Spain at 11.94% and Belgium at 9.39%. Significant YoY variations included Ireland (40.95%), Bulgaria (28.28%), and Serbia (21.05%), while Austria saw a steep decline (-45.38%). Longer-term trends show disparities, with consistent growth in countries like Bulgaria and Serbia, while Austria and Sweden experienced substantial declines.
For 2024 and beyond, it's critical to monitor the impact of geopolitical shifts, green energy policies, and economic stability. Countries like Ireland and Serbia may continue to show growth, whereas stable heavy importers like the Netherlands could face fluctuating import levels due to evolving regulations and alternative energy adoption.
Top countries in Fuel Oil Imports Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 45.38 | 2023 | -0.018% | +16.27% | View data |
| 2 | 2 Spain | 11.94 | 2023 | +12.01% | +0.092% | View data |
| 3 | 3 Belgium | 9.39 | 2023 | +6.29% | -0.86% | View data |
| 4 | 4 France | 4.94 | 2023 | +9.96% | -2.01% | View data |
| 5 | 5 Denmark | 4.14 | 2023 | +2.08% | +7.27% | View data |
| 6 | 6 Greece | 3.96 | 2023 | +11.42% | +7.51% | View data |
| 7 | 7 Germany | 2.84 | 2023 | -1.52% | -4.62% | View data |
| 8 | 8 Malta | 2.75 | 2023 | +1.66% | -3.98% | View data |
| 9 | 9 Norway | 2.25 | 2023 | +1.43% | -0.73% | View data |
| 10 | 10 Italy | 1.79 | 2023 | -3.59% | -7.88% | View data |
