In 2023, Norway was the dominant leader in Europe's Natural Gas Liquids Transformation Output, holding a 58.43% share, followed by the Netherlands at 22.3% and the United Kingdom at 16.64%. France, Hungary, Croatia, and other countries contributed minimally, with less than 2% each. Year-on-year variations reveal that most countries, including Norway and France, experienced declines in their output, except for Croatia, Belgium, Romania, Montenegro, and Ukraine which saw growth. The Compound Annual Growth Rate (CAGR) over the past five years shows a more complex but overall declining trend for leading countries like Norway.
Future trends to consider include increased investments in renewable energy, which may reduce reliance on natural gas liquids. Additionally, geopolitical factors and regulatory changes in Europe will play significant roles. Observers should watch for advancements in green technology and shifts in international energy policies, potentially impacting production and transformation outputs.
Top countries in Natural Gas Liquids Transformation Output Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 58.43 | 2023 | -4.39% | -6.76% | View data |
| 2 | 2 Netherlands | 22.3 | 2023 | -2.16% | -1.4% | View data |
| 3 | 3 United Kingdom | 16.64 | 2023 | -2.16% | -1.91% | View data |
| 4 | 4 France | 1.17 | 2023 | +10.27% | -15.15% | View data |
| 5 | 5 Hungary | 0.42 | 2023 | +13.26% | -7.11% | View data |
| 6 | 6 Croatia | 0.42 | 2023 | -1.67% | +5.11% | View data |
| 7 | 7 Belgium | 0.29 | 2023 | +2.8% | +10.05% | View data |
| 8 | 8 Romania | 0.23 | 2023 | +2.73% | +16.5% | View data |
| 9 | 9 Montenegro | 0.059 | 2023 | +19.24% | +10.99% | View data |
| 10 | 10 Ukraine | 0.04 | 2023 | +3.47% | +4.55% | View data |
