In 2023, Spain led European fuel oil consumption in the machinery sector with significant use, followed by Italy, despite Italy experiencing a decline. Greece showed a remarkable increase, while Serbia and Czech Republic also recorded appreciable growth. Austria and Poland saw moderate increases, whereas Germany, Croatia, and France faced reductions. Minor fluctuations were seen in Macedonia, Denmark, and Cyprus. The cumulative annual growth rate (CAGR) over the past five years reveals notable shifts, with various countries engaging in consumption changes reflective of economic, energy policies, and efficiency innovations.
Looking ahead, expect trends in fuel oil consumption to be influenced by the European Union's environmental policies, technological advancements in machinery efficiency, and the transition towards sustainable energy sources. Countries may vary in adaptation speed, possibly creating shifting dynamics in fuel oil demand within the continent's machinery sector.
Top countries in Fuel Oil Final Consumption in Machinery Sector by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 491.03 | 2023 | +3.08% | +3.98% | View data |
| 2 | 2 Italy | 453.68 | 2023 | -12.59% | -14.04% | View data |
| 3 | 3 Greece | 155.86 | 2023 | +0.15% | +62.19% | View data |
| 4 | 4 Serbia | 120.15 | 2023 | +8.15% | +21.51% | View data |
| 5 | 5 Austria | 49.23 | 2023 | +11.6% | +5.67% | View data |
| 6 | 6 Czech Republic | 34.57 | 2023 | +0.084% | +25.8% | View data |
| 7 | 7 Germany | 22.01 | 2023 | +0.98% | -8.12% | View data |
| 8 | 8 Macedonia | 8.15 | 2023 | -2.01% | -2.08% | View data |
| 9 | 9 Bosnia and Herzegovina | 6.33 | 2023 | +14.43% | +4.82% | View data |
| 10 | 10 Poland | 5.77 | 2023 | +5.22% | +10.04% | View data |
