In 2023, Italy and Spain led European fuel oil consumption in the machinery sector, with 38.32 TJ and 33.99 TJ, respectively. However, Italy experienced a significant decline of 14.04%, while Spain remained stable. Greece showed remarkable growth at 63.93%, followed by Serbia at 21.32% and the Czech Republic at 31.35%. Notable declines were seen in Croatia (-16.07%) and Germany (-8.0%). Smaller markets like Macedonia and Bosnia and Herzegovina saw moderate increases. France, Poland, and other countries had negligible shares.
Looking ahead, Greece and the Czech Republic may continue to expand their machinery sector fuel oil use due to increased industrial activities. Italy’s decrease might stabilize, while Germany and Croatia could experience further declines, influenced by energy transition policies and efficiency advances. Monitoring economic shifts and technological developments will remain crucial for future projections.
Top countries in Fuel Oil Final Consumption in Machinery Sector Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 38.32 | 2023 | -12.6% | -14.04% | View data |
| 2 | 2 Spain | 33.99 | 2023 | -1.54% | -0.08% | View data |
| 3 | 3 Greece | 13.89 | 2023 | +2.99% | +63.93% | View data |
| 4 | 4 Serbia | 9.62 | 2023 | +8.38% | +21.32% | View data |
| 5 | 5 Austria | 4.15 | 2023 | -10.88% | -2.88% | View data |
| 6 | 6 Czech Republic | 3.62 | 2023 | +2.05% | +31.35% | View data |
| 7 | 7 Germany | 1.87 | 2023 | +0.74% | -8% | View data |
| 8 | 8 Macedonia | 0.94 | 2023 | -0.0025% | +4.1% | View data |
| 9 | 9 Bosnia and Herzegovina | 0.53 | 2023 | +14.44% | +4.81% | View data |
| 10 | 10 Poland | 0.49 | 2021 | +31.14% | View data |
