In 2023, Belgium leads the European Fuel Oil (High Sulphur ≥1%) closing stock share with 17.28 thousand metric tons, followed closely by Italy and the Netherlands. While countries like Lithuania, Norway, and Denmark saw significant growth rates in stock levels, Italy, Greece, and the UK experienced a downtrend. Notably, the Czech Republic marked an 11.55% increase, highlighting a significant year-over-year rise. Conversely, Austria and Iceland noted steep declines, showing a vulnerability to market volatility. The compound annual growth rate (CAGR) over the last five years indicates a varied market landscape with both growth opportunities and challenges.
Looking ahead, the European Fuel Oil market is poised for shifts driven by environmental policies and the adoption of cleaner alternative fuels. Monitoring changes in national energy policies and economic conditions will be crucial, potentially impacting stock levels and distribution dynamics. Countries with growing stock levels may gain a competitive edge, signaling increasing industrial activity or strategic reserves buildup.
Top countries in Fuel Oil (High Sulphur ≥1%) Closing Stock Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 17.28 | 2023 | +9.13% | +1.92% | View data |
| 2 | 2 Italy | 16.7 | 2023 | -2.63% | -1.32% | View data |
| 3 | 3 Netherlands | 16.37 | 2023 | -3.36% | -0.13% | View data |
| 4 | 4 Spain | 11.15 | 2023 | -4.48% | +0.092% | View data |
| 5 | 5 Greece | 8.44 | 2023 | +0.39% | -4.09% | View data |
| 6 | 6 France | 7.97 | 2023 | -4.86% | -3.34% | View data |
| 7 | 7 Croatia | 3.64 | 2023 | +0.42% | -0.78% | View data |
| 8 | 8 Lithuania | 2.83 | 2023 | -0.46% | +7.11% | View data |
| 9 | 9 Sweden | 2.55 | 2023 | +10.19% | +2.64% | View data |
| 10 | 10 Bulgaria | 2.43 | 2023 | +0.71% | +4.36% | View data |
