In 2023, Ukraine led European fuel oil gross heat production with a significant share of 24.96 Terajoules, marking a notable increase of 19.45%. Poland followed with 14.02 Terajoules, maintaining stability despite minor fluctuations. Italy, Serbia, and Austria showed varied performances with minor positive growth in Italy and larger declines in Serbia and Austria by -15.3% and -16.52%, respectively. Sweden experienced the most substantial drop at -63.57%. Other notable declines were seen in Moldova, Slovakia, Denmark, and Portugal, whereas Hungary and Croatia registered robust growth of 22.42% and 14.14%, respectively, suggesting shifting dynamics in Europe's energy landscape.
Future trends to watch include:
-Continued dominance of Ukraine in the fuel oil gross heat production landscape, potentially influenced by geopolitical developments and energy policies.
-Potential for Poland and Italy to stabilize or grow, contingent upon policy shifts towards sustainable energy.
-Observing whether the declining trends in several countries lead to increased reliance on renewable energy sources.
-Monitoring recovery and adaptation strategies in countries with significant decreases, like Sweden and Austria, toward energy diversification and technology upgrades.
Top countries in Fuel Oil Gross Heat Production Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 24.96 | 2023 | +3.19% | +19.45% | View data |
| 2 | 2 Poland | 14.02 | 2023 | -2.53% | -0.4% | View data |
| 3 | 3 Italy | 11.45 | 2023 | -0.00039% | +0.44% | View data |
| 4 | 4 Serbia | 10.34 | 2023 | +0.0053% | -15.3% | View data |
| 5 | 5 Austria | 7.37 | 2023 | -29.8% | -16.52% | View data |
| 6 | 6 Finland | 6.61 | 2021 | +72.82% | -24.57% | View data |
| 7 | 7 Romania | 4.84 | 2023 | +0.0027% | -9.41% | View data |
| 8 | 8 Sweden | 4.27 | 2023 | -97.33% | -63.57% | View data |
| 9 | 9 United Kingdom | 3.28 | 2023 | -2.35% | -2.28% | View data |
| 10 | 10 Germany | 1.88 | 2023 | +11.56% | -3.47% | View data |
