In 2023, Germany led European crude oil consumption at 14.02%, slightly declining by 1.49% from the previous year. Spain, Italy, and the Netherlands followed, with the latter showing a minor increase of 0.83%. The United Kingdom and France experienced decreases of 1.95% and 3.12%, respectively, reflecting broader consumption declines across Europe. Notably, Bulgaria surged by 1.49%, while Ukraine's share rose significantly by 10.39%. Portugal decreased by 5.27%, while Bosnia and Herzegovina saw an 11.36% decline.
A longer view from 2019 to 2024 indicates varied CAGR across nations, influenced by economic factors, energy transitions, and geopolitical events. The broader trend suggests a modest decline in crude oil reliance as renewable energies gain traction.
Future trends to monitor include:
- Continued investment in renewable energy alternatives as countries aim for carbon neutrality.
- Impact of geopolitical tensions on energy supply and consumption patterns.
- Technological advancements in energy efficiency potentially reducing oil dependency.
- Policy changes from the EU regarding energy transition and sustainability objectives.
Top countries in Crude Oil Gross Inland Consumption Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.02 | 2023 | -1.42% | -1.49% | View data |
| 2 | 2 Spain | 11.52 | 2023 | +4.11% | -0.26% | View data |
| 3 | 3 Italy | 11.2 | 2023 | +2.51% | -0.34% | View data |
| 4 | 4 Netherlands | 9.93 | 2023 | +2.99% | +0.83% | View data |
| 5 | 5 United Kingdom | 8.22 | 2023 | -2.5% | -1.95% | View data |
| 6 | 6 France | 8 | 2023 | +2.65% | -3.12% | View data |
| 7 | 7 Belgium | 5.89 | 2023 | +4.94% | +0.81% | View data |
| 8 | 8 Poland | 4.46 | 2023 | +1.3% | -0.89% | View data |
| 9 | 9 Greece | 4.13 | 2023 | +1.77% | +0.13% | View data |
| 10 | 10 Sweden | 3.04 | 2023 | -0.91% | -2.47% | View data |
