The European fuel oil consumption in construction sector reveals Spain as the leading consumer with nearly 29.73 thousand tonnes of oil equivalent, followed by Greece and the United Kingdom. Estonia and Hungary have shown significant growth rates of 15.46% and 14.8% respectively. Spain and Austria also experienced positive growth, while countries like Portugal, Poland, and Moldova saw declines. Romania recorded a notable increase of 14.87% while Cyprus and Lithuania faced large contractions.
Future trends to watch include potential technological innovations or policy changes that could reduce dependency on fuel oil. Moreover, fluctuations in oil prices and increased focus on renewable energy sources in Europe could significantly alter consumption patterns. Transitioning towards greener construction practices may further influence these dynamics, impacting the traditional fuel oil market.
Top countries in Fuel Oil Final Consumption in Construction Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 29.73 | 2023 | +4.3% | +2.25% | View data |
| 2 | 2 Greece | 16.59 | 2023 | +0.01% | +1.22% | View data |
| 3 | 3 United Kingdom | 13.65 | 2023 | +1.58% | +0.43% | View data |
| 4 | 4 Portugal | 10.06 | 2023 | -1.76% | -5.24% | View data |
| 5 | 5 Austria | 5.48 | 2023 | +2.99% | +2.87% | View data |
| 6 | 6 Estonia | 5.28 | 2023 | +5.62% | +15.46% | View data |
| 7 | 7 Poland | 3.58 | 2023 | +2.24% | -3.51% | View data |
| 8 | 8 Belgium | 2.33 | 2021 | -6.67% | -13.96% | View data |
| 9 | 9 Hungary | 1.65 | 2023 | -0.16% | +14.8% | View data |
| 10 | 10 Ukraine | 1.32 | 2023 | -13.03% | View data |
