The Netherlands dominates European fuel oil imports with 27.15 million tonnes, representing robust year-on-year growth of 16.27% in 2023. Spain follows distantly at 7.15 million tonnes with negligible growth. While Denmark and Greece experienced over 7% increases, Belgium, France, Germany, and Italy saw declines, notably Italy at -7.88%. Ireland showed a significant 40.95% increase, and Serbia’s imports surged by 21.05%. Conversely, Sweden and Austria faced sharp declines of -17.54% and -45.38%, respectively, indicating varied dynamics across the continent.
Future trends to watch include potential shifts in energy policies towards sustainable alternatives, impacting demand for traditional fuel oils. Additionally, geopolitical factors and regulatory changes in the European Union could alter import patterns and volumes significantly. Increasing focus on renewables may gradually reduce reliance on fuel oil, affecting long-term import trends.
Top countries in Fuel Oil Imports by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 27,150 | 2023 | -0.018% | +16.27% | View data |
| 2 | 2 Spain | 7,150 | 2023 | +12.01% | +0.092% | View data |
| 3 | 3 Belgium | 5,620 | 2023 | +6.29% | -0.86% | View data |
| 4 | 4 France | 2,950 | 2023 | +9.96% | -2.01% | View data |
| 5 | 5 Denmark | 2,480 | 2023 | +2.08% | +7.27% | View data |
| 6 | 6 Greece | 2,370 | 2023 | +11.42% | +7.51% | View data |
| 7 | 7 Germany | 1,700 | 2023 | -1.52% | -4.62% | View data |
| 8 | 8 Malta | 1,640 | 2023 | +1.66% | -3.98% | View data |
| 9 | 9 Norway | 1,350 | 2023 | +1.43% | -0.73% | View data |
| 10 | 10 Italy | 1,070 | 2023 | -3.59% | -7.88% | View data |
