The 2023 data highlights Belgium as the leading exporter of marine fuel in Europe, with 58.27 thousand metric tons, although it experienced a slight decline of 4.06%. In contrast, Sweden saw a remarkable increase of 10.18% year-on-year, showcasing significant growth potential. Notably, Latvia posted a substantial growth of 45.77%. Other notable changes include a decline in Finland's exports by 6.15%, while France experienced a positive change of 6.84%, albeit from a smaller base. The UK and Portugal showed moderate increases in exports.
Future trends to monitor include Sweden's continued expansion and Latvia's rapid growth, both of which may alter the competitive landscape. Additionally, shifts in global marine fuel demand and regulatory changes could further impact European export dynamics.
Top countries in Marine Fuel Exports Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 58.27 | 2023 | +1.2% | -4.06% | View data |
| 2 | 2 United Kingdom | 10.75 | 2023 | +0.37% | +0.51% | View data |
| 3 | 3 Sweden | 10.74 | 2023 | +1.56% | +10.18% | View data |
| 4 | 4 Italy | 7.72 | 2023 | -0.11% | -4.99% | View data |
| 5 | 5 Portugal | 7.14 | 2023 | +13.3% | +4.69% | View data |
| 6 | 6 Cyprus | 2.29 | 2023 | +4.22% | +2.1% | View data |
| 7 | 7 Latvia | 1.82 | 2023 | +6.46% | +45.77% | View data |
| 8 | 8 Estonia | 1.48 | 2023 | +3.49% | +2.48% | View data |
| 9 | 9 Finland | 1.36 | 2023 | +6.35% | -6.15% | View data |
| 10 | 10 Iceland | 0.54 | 2023 | +11.41% | -5.34% | View data |
