In 2024, Italy leads the consumption of fuel oil in the Paper, Pulp, and Printing sectors with a share of 23.38 terajoules, marking slight growth from 2023. Finland and Sweden follow, despite negative growth rates of -1.66% and -8.39% respectively. France shows a positive trend with a 3.15% increase. Portugal, Germany, and Belgium experienced declines, while countries like Serbia and Macedonia exhibited notable growth. Cyprus saw significant growth of 10.66%. The Czech Republic and Croatia have the steepest declines, emphasizing significant shifts in smaller markets.
Looking forward, the European market could see a diverse trend characterized by the ongoing transition towards renewable energy sources. This shift might reduce the reliance on fuel oil, especially in eco-conscious regions, causing fluctuations in consumption patterns. Monitoring technological advancements and policy developments will be key to understanding future dynamics in this sector.
Top countries in Fuel Oil Final Consumption in Paper, Pulp and Printing Sectors Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 23.38 | 2023 | -3.5% | +23.63% | View data |
| 2 | 2 Finland | 21.8 | 2023 | -1.76% | -1.66% | View data |
| 3 | 3 Sweden | 19.47 | 2023 | -11.59% | -8.39% | View data |
| 4 | 4 France | 7.87 | 2023 | +1.1% | +3.15% | View data |
| 5 | 5 Poland | 6.89 | 2023 | -0.7% | +1.9% | View data |
| 6 | 6 Portugal | 6.1 | 2023 | -13.85% | -11.7% | View data |
| 7 | 7 Spain | 3.07 | 2021 | -40.79% | -16.06% | View data |
| 8 | 8 Greece | 2.31 | 2023 | -16.18% | -4.3% | View data |
| 9 | 9 Germany | 2.11 | 2023 | -12.49% | -2.91% | View data |
| 10 | 10 Bosnia and Herzegovina | 1.99 | 2023 | +0.00034% | -7.36% | View data |
