Germany leads in the European machinery sector's consumption of renewables and biofuels, with a moderate growth rate of 2.08% year-on-year in 2023. Denmark follows with significant growth of 9.41%, while Sweden and Slovenia show robust increases at 15.7% and 17.13%, respectively. Conversely, Serbia and Ukraine experienced declines of -13.54% and -8.87%. The CAGR over the past five years highlights Finland's impressive growth and minor contractions for several Eastern European countries.
Future trends to monitor include potential growth in Scandinavia and Eastern Europe, driven by policy incentives and technology advancements. Additionally, continued developments in biofuel efficiency and renewable integration within the machinery sector across Europe could shape future consumption patterns.
Top countries in Machinery Sector Final Consumption of Renewables and Biofuels Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35.12 | 2023 | +3.02% | +2.08% | View data |
| 2 | 2 Denmark | 11.25 | 2023 | +2.14% | +9.41% | View data |
| 3 | 3 Serbia | 7.71 | 2023 | +2.89% | -13.54% | View data |
| 4 | 4 Sweden | 6.48 | 2023 | +2.2% | +15.7% | View data |
| 5 | 5 Austria | 5.4 | 2023 | +1.29% | +2.54% | View data |
| 6 | 6 Slovakia | 3.48 | 2023 | +5.05% | +0.94% | View data |
| 7 | 7 Romania | 3.43 | 2023 | +13.55% | -2.17% | View data |
| 8 | 8 Czech Republic | 3.39 | 2023 | +3.1% | +11.01% | View data |
| 9 | 9 Ukraine | 3.16 | 2023 | +17.69% | -8.87% | View data |
| 10 | 10 France | 2.6 | 2023 | +6.87% | +0.74% | View data |
