The 2023 data shows Ukraine commanding the largest share in European fuel oil gross heat production, followed by Poland and Italy, with Ukraine exhibiting an 18.37% year-on-year increase in production. Serbia, Austria, and Moldova witness significant declines, with Serbia's production dropping by 13.36%. Smaller markets like Estonia and Lithuania also suffer declines, with reductions over 25%. Conversely, Hungary records notable growth at 22.8%. Overall, there is a mixed trend with ups and downs across different countries.
Future trends to monitor include the potential role of renewable energy adoption impacting fuel oil usage. Additionally, geopolitical factors may influence future production and share, especially in Eastern European countries like Ukraine and Moldova.
Top countries in Fuel Oil Gross Heat Production Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 24.23 | 2023 | +2.74% | +18.37% | View data |
| 2 | 2 Poland | 14.16 | 2023 | -2.53% | -0.4% | View data |
| 3 | 3 Italy | 11.56 | 2023 | -0.00042% | +0.44% | View data |
| 4 | 4 Serbia | 10.44 | 2023 | +5.58% | -13.36% | View data |
| 5 | 5 Austria | 7.44 | 2023 | -33.48% | -18.49% | View data |
| 6 | 6 Finland | 6.68 | 2021 | +72.82% | -24.57% | View data |
| 7 | 7 Romania | 4.89 | 2023 | +0.0026% | -9.41% | View data |
| 8 | 8 Sweden | 4.31 | 2021 | +109.61% | -14.27% | View data |
| 9 | 9 United Kingdom | 3.31 | 2023 | -2.35% | -2.28% | View data |
| 10 | 10 Germany | 1.9 | 2023 | +11.64% | -3.47% | View data |
