The analysis of European fuel oil imports share by country reveals several notable trends for 2023. The Netherlands dominates with a massive 45.77% share, experiencing a significant 16.27% year-on-year growth. Spain, Belgium, and France follow, with mixed growth trends; Spain saw a marginal increase of 0.12%, while Belgium and France declined by 1.65% and 2.01%, respectively. Denmark, Greece, and Finland highlight potential rising players with notable increases of 6.62%, 7.41%, and 7.31%, respectively. Conversely, countries like Germany, Malta, and Italy faced declines of 4.84%, 4.39%, and 7.88%, respectively.
From long-term trends, Serbia sees the most dramatic year-on-year growth of 64.44%, suggesting a growing importance in this market. Conversely, significant declines are noted in Sweden (-17.54%), Poland (-11.93%), and Luxembourg (-12.5%), indicating potential shifts or structural changes in these markets. Other significant YoY variations include Ireland (+38.83%) and Bulgaria (+27.37%), showing substantial growth, while Austria, Croatia, and Bosnia and Herzegovina, among others, faced double-digit declines.
Future trends to watch include the potential for continued growth in rising markets like Serbia and the impact of declines in traditional players like Sweden and Poland. Observing geopolitical developments, economic policies, and advancements in renewable technology will provide further insights into these shifts in European fuel oil imports.
Top countries in Fuel Oil Imports Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 45.77 | 2023 | -0.018% | +16.27% | View data |
| 2 | 2 Spain | 12.06 | 2023 | +12.07% | +0.12% | View data |
| 3 | 3 Belgium | 9.08 | 2023 | +4.19% | -1.65% | View data |
| 4 | 4 France | 4.98 | 2023 | +9.96% | -2.01% | View data |
| 5 | 5 Denmark | 4.05 | 2023 | +1.33% | +6.62% | View data |
| 6 | 6 Greece | 3.97 | 2023 | +10.9% | +7.41% | View data |
| 7 | 7 Germany | 2.72 | 2023 | -2.03% | -4.84% | View data |
| 8 | 8 Malta | 2.71 | 2023 | +0.79% | -4.39% | View data |
| 9 | 9 Norway | 2.21 | 2023 | +0.85% | -1.27% | View data |
| 10 | 10 Italy | 1.81 | 2023 | -3.59% | -7.88% | View data |
