The data analysis for 2023 indicates the high consumption of fuel oil in construction across Spain and Greece, leading the list. Spain saw a modest increase of 2.25% year-on-year in 2023, while Greece's growth was more restrained at 1.22%. Estonia demonstrated a significant rise of 15.46%, showing robust growth amidst the data set. On the contrary, Portugal and Poland reported declines in consumption. Notably, countries like Hungary and Romania also exhibited double-digit growth rates with 14.8% and 14.87% respectively, showcasing dynamic upticks within the European context.
Future trends to monitor include the potential impact of tighter environmental regulations on fuel oil consumption and the shift towards more sustainable energy sources in the European construction sector. Market adaptations may occur with technological advancements and policy changes encouraging reduced dependency on traditional fuel oil. The interplay of economic factors and infrastructure investment across these countries will likely influence consumption patterns moving forward.
Top countries in Fuel Oil Final Consumption in Construction by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 34.51 | 2023 | +4.3% | +2.25% | View data |
| 2 | 2 Greece | 19.26 | 2023 | +0.01% | +1.22% | View data |
| 3 | 3 United Kingdom | 15.84 | 2023 | +1.58% | +0.43% | View data |
| 4 | 4 Portugal | 11.68 | 2023 | -1.76% | -5.24% | View data |
| 5 | 5 Austria | 6.36 | 2023 | +2.99% | +2.87% | View data |
| 6 | 6 Estonia | 6.13 | 2023 | +5.62% | +15.46% | View data |
| 7 | 7 Poland | 4.16 | 2023 | +2.24% | -3.51% | View data |
| 8 | 8 Belgium | 2.7 | 2021 | -6.67% | -13.96% | View data |
| 9 | 9 Hungary | 1.91 | 2023 | -0.16% | +14.8% | View data |
| 10 | 10 Ukraine | 1.54 | 2023 | -13.03% | View data |
