In 2023, Germany led the European wood and wood products sector in final consumption of renewables and biofuels with 1.32 million tonnes of oil equivalent, experiencing a year-on-year growth of 1.87%. Poland showed substantial progress with a 6.88% increase. Spain, Latvia, and Sweden were notable, with varied trends of around 1% to 4.5%. France and Croatia, however, faced declines of over 4%. Ukraine witnessed the most significant increase at 35.88%. Over a five-year horizon, the sector's growth varied, with Lithuania and Hungary showing remarkable expansions around 7%, contrasted by decreases in regions like Croatia and Luxembourg.
Future trends to watch in this sector include:
- The impact of the EU's Green Deal which may accelerate renewable adoption.
- Technological advancements enhancing biofuel efficiencies.
- Regulatory changes potentially affecting energy markets and encouraging innovation.
- The impact of global economic fluctuations on European energy policies.
Top countries in Wood and Wood Products Sector Final Consumption of Renewables and Biofuels by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,320 | 2023 | +1.26% | +1.87% | View data |
| 2 | 2 Poland | 892.08 | 2023 | +4.69% | +6.88% | View data |
| 3 | 3 Spain | 440.7 | 2023 | +2.27% | +1.06% | View data |
| 4 | 4 Latvia | 388.71 | 2023 | +2.72% | +4.57% | View data |
| 5 | 5 Sweden | 345.8 | 2023 | -1.21% | -3.1% | View data |
| 6 | 6 Austria | 307.48 | 2023 | +1.53% | +1.26% | View data |
| 7 | 7 France | 300.44 | 2023 | -3.68% | -4.46% | View data |
| 8 | 8 Finland | 235.31 | 2023 | -0.017% | +1.95% | View data |
| 9 | 9 Belgium | 192.02 | 2023 | +2.69% | +1.58% | View data |
| 10 | 10 Italy | 170.39 | 2023 | +5.14% | +0.45% | View data |
