In 2023, Germany leads the European transport equipment sector in renewable and biofuel consumption with a notable year-on-year increase of 44.05%. France and Austria follow, showing strong growth at 12.7% and 17.26% respectively. Poland and Norway also stand out with significant increments, marked at 49.37% and 49.63%. Conversely, Sweden and Hungary encountered reductions at -3.59% and -8.5%. Slovenia, Latvia, Estonia, and Denmark recorded moderate growth, whereas Belgium and Greece remained steady, showing no change. Croatia faces the largest decline at -24.74%.
Looking ahead, expect rising investments in infrastructure for renewable energy and biofuels in the transport sector, driven by EU policies targeting carbon neutrality by 2050. Pay attention to technology advancements and regulatory support in biofuel production, which may stimulate further developments. Cross-border cooperation projects within the EU aiming to enhance renewable energy capacities could also influence consumption patterns in the coming years.
Top countries in Transport Equipment Sector Final Consumption of Renewables and Biofuels by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.63 | 2023 | +11.11% | +44.05% | View data |
| 2 | 2 France | 10.45 | 2023 | +7.17% | +12.7% | View data |
| 3 | 3 Austria | 2.38 | 2023 | +2.77% | +17.26% | View data |
| 4 | 4 Sweden | 2.36 | 2023 | +2.75% | -3.59% | View data |
| 5 | 5 Denmark | 1.03 | 2023 | +2.19% | +22.36% | View data |
| 6 | 6 Serbia | 0.62 | 2023 | +8.9% | +11.63% | View data |
| 7 | 7 Spain | 0.55 | 2023 | +2.81% | +2.22% | View data |
| 8 | 8 Ukraine | 0.55 | 2023 | +12.32% | -0.073% | View data |
| 9 | 9 Portugal | 0.48 | 2023 | +8.37% | +10.18% | View data |
| 10 | 10 Poland | 0.41 | 2023 | +8.2% | +49.37% | View data |
