The European Fuel Oil Closing Stock analysis for 2024, expressed in Million Metric Tons, highlights the Netherlands leading with 2.15, followed by Germany (1.05) and Italy (0.86934). The Netherlands showed significant growth with a 12.02% increase from 2023, whereas Germany and Italy experienced declines of 2.71% and 12.13%, respectively. Spain and France also saw reductions in their stocks, whereas Greece, Sweden, and Denmark showed moderate growth. Noteworthy increases include Bulgaria (7.21%) and Ireland (22.23%), whereas significant drops were observed in the United Kingdom (-20.78%) and Malta (-29.24%).
Future trends to watch include potential fluctuations due to geopolitical events impacting supply chains, economic shifts influencing fuel consumption, and increasing reliance on renewable energy sources which could further reduce demand for traditional fuel oil stocks across Europe.
Top countries in Fuel Oil Closing Stock by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 2,150 | 2023 | -0.7% | +12.02% | View data |
| 2 | 2 Germany | 1,050 | 2023 | -2.14% | -2.71% | View data |
| 3 | 3 Italy | 869.34 | 2023 | -17.19% | -12.13% | View data |
| 4 | 4 Spain | 800.86 | 2023 | -4.44% | -4.04% | View data |
| 5 | 5 Greece | 741.96 | 2023 | +0.27% | +2.02% | View data |
| 6 | 6 Belgium | 685.2 | 2023 | -0.98% | -4.17% | View data |
| 7 | 7 Sweden | 616.55 | 2023 | -2.38% | +7.39% | View data |
| 8 | 8 France | 445.84 | 2023 | -7.82% | -5.23% | View data |
| 9 | 9 Finland | 355 | 2023 | -3.01% | -6.09% | View data |
| 10 | 10 Denmark | 266.99 | 2023 | -8.56% | +3.18% | View data |
