In 2023, Germany led Europe's electricity consumption in the chemical and petrochemical sectors, followed by France, Belgium, and the UK. Germany's consumption exhibited a mild decline, while France and the UK faced more noticeable drops. Ukraine showed significant growth, indicating a dynamic sector recovery. Austria, Spain, Hungary, Slovakia, and Malta recorded the most substantial gains year-on-year. However, Sweden and Greece experienced notable contractions.
Future trends suggest that the energy transition towards sustainability, fluctuating energy prices, and geopolitical dynamics could influence electricity consumption in these sectors. Watch for increased adoption of renewable energy, technological advancements, and policy shifts aimed at reducing carbon footprints across Europe. These factors might shift the consumption patterns significantly in the upcoming years.
Top countries in Electricity Final Consumption in Chemical and Petrochemical Sectors by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,580 | 2023 | +0.1% | -0.1% | View data |
| 2 | 2 France | 1,600 | 2023 | -1.18% | -0.66% | View data |
| 3 | 3 Belgium | 1,270 | 2023 | +0.19% | +0.19% | View data |
| 4 | 4 United Kingdom | 1,200 | 2023 | -1.59% | -1.71% | View data |
| 5 | 5 Italy | 1,200 | 2023 | -1.09% | -0.7% | View data |
| 6 | 6 Netherlands | 1,130 | 2023 | +0.07% | -0.66% | View data |
| 7 | 7 Spain | 849.19 | 2023 | -0.17% | +1.49% | View data |
| 8 | 8 Poland | 726.06 | 2023 | -0.0062% | -0.97% | View data |
| 9 | 9 Norway | 675.41 | 2023 | +0.17% | +0.52% | View data |
| 10 | 10 Austria | 446.98 | 2023 | +1.55% | +1.81% | View data |
