In 2023, Italy led European fuel oil consumption in the non-ferrous metal sector at 31.64 terajoules, followed by Spain (27.44), and Germany (14.11). Notably, Serbia and Germany showed significant year-on-year increases of 6.48% and 6.22% respectively. In contrast, Finland saw a sharp decline of 12.92%, while Bulgaria and Kosovo fell by 6.7% and 5.21%. Greece experienced a dramatic rise at 198.25%, indicative of potential structural shifts or policy changes in its energy consumption.
Future trends to watch include:
- The impact of green policies on fuel oil usage, particularly as EU countries push towards renewables.
- Technological advancements in the non-ferrous metal sector that may reduce energy consumption.
- Potential increases in energy costs, influencing strategic shifts in fuel choices by 2025.
Top countries in Fuel Oil Final Consumption in Non-Ferrous Metal Sector Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 31.64 | 2023 | +12.87% | +1.25% | View data |
| 2 | 2 Spain | 27.44 | 2023 | +2.51% | -0.71% | View data |
| 3 | 3 Germany | 14.11 | 2023 | +0.62% | +6.22% | View data |
| 4 | 4 Serbia | 6.28 | 2023 | +7.52% | +6.48% | View data |
| 5 | 5 Bulgaria | 4.84 | 2023 | -7.13% | -6.7% | View data |
| 6 | 6 Kosovo | 4.53 | 2023 | -15.07% | -5.21% | View data |
| 7 | 7 Poland | 3.79 | 2023 | -6.41% | -1.87% | View data |
| 8 | 8 Finland | 2.62 | 2023 | -13.17% | -12.92% | View data |
| 9 | 9 Sweden | 2.06 | 2023 | +3.27% | -0.011% | View data |
| 10 | 10 Greece | 1.53 | 2023 | +24.87% | +198.25% | View data |
