In 2023, Germany led the European renewables and biofuels consumption in the machinery sector with substantial growth of 2.08%. Denmark showed a significant increase of 9.41%, and Sweden's consumption rose impressively by 15.7%. Conversely, Serbia and Ukraine experienced declines in consumption by 13.54% and 8.87%, respectively. Emerging players like Slovenia and Finland exhibited robust growth of 17.13% and 18.39%, while Poland marked positive change at 11.1%. However, some countries faced declines, including Lithuania at -11.24% and Latvia at -4.79%, suggesting varied regional dynamics.
Looking ahead, watch for potential growth in countries like Finland, Slovenia, and Norway, driven by supportive policies and technological advancements. The continued expansion of biofuel infrastructure and increasing adoption of renewable energy are likely to shape future trends, emphasizing shifts towards sustainable practices in the machinery sector. Monitoring policy decisions and market innovations will be key for assessing long-term consumption changes across Europe.
Top countries in Renewables and Biofuels Final Consumption in Machinery Sector Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35.11 | 2023 | +3.02% | +2.08% | View data |
| 2 | 2 Denmark | 11.25 | 2023 | +2.14% | +9.41% | View data |
| 3 | 3 Serbia | 7.71 | 2023 | +2.89% | -13.54% | View data |
| 4 | 4 Sweden | 6.48 | 2023 | +2.2% | +15.7% | View data |
| 5 | 5 Austria | 5.39 | 2023 | +1.29% | +2.54% | View data |
| 6 | 6 Slovakia | 3.48 | 2023 | +5.05% | +0.94% | View data |
| 7 | 7 Romania | 3.43 | 2023 | +13.55% | -2.17% | View data |
| 8 | 8 Czech Republic | 3.39 | 2023 | +3.1% | +11.01% | View data |
| 9 | 9 Ukraine | 3.16 | 2023 | +17.69% | -8.87% | View data |
| 10 | 10 France | 2.6 | 2023 | +6.87% | +0.74% | View data |
