In 2024, the European Fuel Oil (Low Sulphur <1%) Opening Stock Share placed the Netherlands at the forefront with 15.19 thousand metric tons, followed by Italy and Denmark. Noticeable year-on-year variations include Denmark's 33.09% increase and Poland's impressive 61.37% rise, contrasting with the United Kingdom's significant drop of 56.01%. Over a broader timeline, certain countries like Poland exhibit strong growth trends, while others like Austria and Lithuania encounter declines.
Future trends to watch include potential fluctuations due to policy changes regarding environmental impacts, shifts in demand as nations transition to greener energy alternatives, and geopolitical tensions influencing fuel distribution and stock levels in Europe.
Top countries in Fuel Oil (Low Sulphur <1%) Opening Stock Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 15.19 | 2023 | +0.8% | +14.18% | View data |
| 2 | 2 Italy | 13.63 | 2023 | -3.99% | -3.7% | View data |
| 3 | 3 Denmark | 12.11 | 2023 | +0.0047% | +33.09% | View data |
| 4 | 4 Finland | 7.83 | 2023 | +7.21% | +2.44% | View data |
| 5 | 5 Sweden | 7.54 | 2023 | -6.15% | -3.9% | View data |
| 6 | 6 Greece | 7.45 | 2023 | +2.95% | +5.94% | View data |
| 7 | 7 Spain | 7.01 | 2023 | +2.77% | -4.39% | View data |
| 8 | 8 Belgium | 6.45 | 2023 | +0.077% | +8.08% | View data |
| 9 | 9 France | 4.7 | 2023 | -0.54% | +15.11% | View data |
| 10 | 10 Portugal | 4.16 | 2023 | +9.73% | +17.8% | View data |
