The data for 2023 highlights that Norway leads in renewables and biofuels consumption within the chemical and petrochemical sectors, experiencing a notable year-on-year increase of 29.6%. France and the UK also saw significant growth, while Austria and Italy faced declines. Ukraine showed the largest percentage increase, whereas Greece exhibited a steep decline. Cumulatively, the five-year Compound Annual Growth Rate (CAGR) remains positive across most countries, indicating a stable upward trend.
Future trends to monitor include the push for renewable energy integration driven by policy incentives, technological advancements, and increasing investment in green infrastructure. Countries' strategies and regulatory environments will significantly influence the adoption rate, focusing on sustainability and carbon emission reduction.
Top countries in Renewables and Biofuels Final Consumption in Chemical and Petrochemical Sectors by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 2,060 | 2023 | +9.54% | +29.6% | View data |
| 2 | 2 France | 1,380 | 2023 | +3.23% | +10.45% | View data |
| 3 | 3 Germany | 966.62 | 2023 | +2.53% | +3.69% | View data |
| 4 | 4 United Kingdom | 783.61 | 2023 | +6.35% | +12.28% | View data |
| 5 | 5 Austria | 558.33 | 2023 | +4.32% | -1.42% | View data |
| 6 | 6 Sweden | 462.86 | 2023 | -0.035% | +24.51% | View data |
| 7 | 7 Slovenia | 234.3 | 2023 | +2.83% | +2.79% | View data |
| 8 | 8 Serbia | 233.26 | 2023 | +23% | +29.49% | View data |
| 9 | 9 Denmark | 207.35 | 2023 | +13.36% | +19.89% | View data |
| 10 | 10 Lithuania | 174.65 | 2023 | +2.79% | +2.44% | View data |
