In 2023, Estonia leads European fuel oil consumption in the wood and wood products sector at 24.28 thousand tonnes of oil equivalent, while significant growth was observed in Bosnia and Herzegovina (42.43%) and increases in Poland (10.43%) and the Czech Republic (9.77%). France (-12.42%) and the UK (-10.68%) faced notable declines. Denmark experienced the largest drop at -34.18%. The five-year trend indicates fluctuating demand with no significant increases, suggesting a potential shift towards alternative energy sources.
Looking forward, Europe may witness a move towards sustainable energy, influencing fuel oil demand. Monitoring policy changes, technological advancements, and environmental commitments will offer insights into future consumption trends.
Top countries in Fuel Oil Final Consumption in Wood and Wood Products Sector Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 24.28 | 2023 | -0.27% | View data | |
| 2 | 2 Czech Republic | 19.55 | 2023 | +0.1% | +9.77% | View data |
| 3 | 3 Poland | 15.9 | 2023 | +2.68% | +10.43% | View data |
| 4 | 4 Spain | 14.22 | 2023 | -2.68% | -2.29% | View data |
| 5 | 5 Finland | 5 | 2021 | -50% | -24.21% | View data |
| 6 | 6 Germany | 4.99 | 2021 | 0% | View data | |
| 7 | 7 France | 4.89 | 2023 | +1.47% | -12.42% | View data |
| 8 | 8 United Kingdom | 4.39 | 2023 | -13.54% | -10.68% | View data |
| 9 | 9 Austria | 1.93 | 2023 | +12.44% | -1.72% | View data |
| 10 | 10 Denmark | 1.13 | 2023 | -23.95% | -34.18% | View data |
