In 2023, Germany led European fossil energy refinery output with a share of 14.46 terajoules despite a 1.17% decrease. Italy and the Netherlands showed marginal positive trends, while the UK (-1.77%), France (-3.31%), and Portugal (-4.21%) saw notable declines. Belgium and Bulgaria exhibited significant growth. Norway, Finland, and Moldova faced substantial reductions, largely attributed to industry-specific challenges and transitions to renewable energy. Over five years, the compound annual growth rate indicates a modest shift towards stabilization amidst declines, heavily influenced by transitioning energy policies.
Future trends may include increased investments in renewables affecting market share and potential consolidation to optimize efficiency. Monitoring regulatory shifts and geopolitical factors will be essential for understanding these dynamics.
Top countries in Fossil Energy Refinery Output Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.46 | 2023 | -1.01% | -1.17% | View data |
| 2 | 2 Italy | 11.58 | 2023 | +3.12% | +0.23% | View data |
| 3 | 3 Spain | 10.63 | 2023 | +3.84% | -0.22% | View data |
| 4 | 4 Netherlands | 10.04 | 2023 | +2.89% | +0.56% | View data |
| 5 | 5 United Kingdom | 8.63 | 2023 | -2.1% | -1.77% | View data |
| 6 | 6 France | 7.5 | 2023 | +1.31% | -3.31% | View data |
| 7 | 7 Belgium | 5.71 | 2023 | +5.96% | +1.22% | View data |
| 8 | 8 Greece | 4.93 | 2023 | +1.5% | -0.93% | View data |
| 9 | 9 Poland | 4.45 | 2023 | +1.53% | -0.11% | View data |
| 10 | 10 Sweden | 3.29 | 2023 | +0.19% | -1.1% | View data |
