The European chemical and petrochemical sector's electricity consumption in 2023 showed notable variations across countries. Germany leads with the highest consumption, while France and Belgium follow. In 2023, Germany experienced a slight decline of 0.1%, whereas the UK saw a more significant drop of 1.71%. Spain and Austria showed the strongest growth, with increments of 1.56% and 1.81%, respectively. Ukraine registered the highest surge at 7%, driven by increased industrial activity. Conversely, Greece faced a substantial decrease of 12.46%, reflecting potential economic or industrial challenges.
Future trends to watch include:
- Germany's sustainability initiatives aiming to reduce consumption.
- Potential infrastructural upgrades in Eastern Europe positively impacting electricity share.
- Impacts of renewable energy adoption in the sector.
- Global market dynamics influencing European consumption patterns.
Top countries in Chemical and Petrochemical Sector Final Consumption of Electricity Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27.45 | 2023 | +0.1% | -0.1% | View data |
| 2 | 2 France | 9.56 | 2023 | -1.18% | -0.66% | View data |
| 3 | 3 Belgium | 7.6 | 2023 | +0.19% | +0.19% | View data |
| 4 | 4 United Kingdom | 7.22 | 2023 | -1.59% | -1.71% | View data |
| 5 | 5 Italy | 7.19 | 2023 | +0.29% | -0.29% | View data |
| 6 | 6 Netherlands | 6.75 | 2023 | +0.11% | -0.49% | View data |
| 7 | 7 Spain | 5.09 | 2023 | +0.0029% | +1.56% | View data |
| 8 | 8 Poland | 4.35 | 2023 | -0.0067% | -0.97% | View data |
| 9 | 9 Norway | 4.05 | 2023 | +0.17% | +0.52% | View data |
| 10 | 10 Austria | 2.68 | 2023 | +1.55% | +1.81% | View data |
