The European fuel oil final consumption in the Food, Beverages, and Tobacco sectors shows significant variation across countries in 2023. Italy leads with the highest consumption at 836.78 GWh, while Romania reports the lowest at 2.19 GWh. Notably, declines are seen in major centers such as Italy (-22.54%) and Finland (-18.92%). Conversely, the Czech Republic saw a 31.79% increase, and Latvia experienced a notable surge of 35.85%, indicating emerging growth in these regions. Other countries like Serbia and Macedonia also recorded modest positive growth, suggesting potential shifts in fuel oil demand dynamics in Eastern Europe.
Future trends to watch include a potential continued decline in traditional heavy fuel oil consumption due to environmental regulations and shifts towards cleaner energy sources. Growth may occur in countries adapting efficient energy practices and technologies. Eastern Europe could see shifts depending on economic and industrial adjustments. Monitoring these dynamics is crucial for strategic energy planning in the sector.
Top countries in Fuel Oil Final Consumption in Food, Beverages and Tobacco Sectors by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 836.78 | 2023 | -19.34% | -22.54% | View data |
| 2 | 2 Greece | 778.6 | 2023 | -3.83% | -2.31% | View data |
| 3 | 3 France | 644.19 | 2021 | +45.67% | -6.47% | View data |
| 4 | 4 Spain | 380.85 | 2021 | -32.13% | -14.44% | View data |
| 5 | 5 Portugal | 292.77 | 2023 | -23.46% | -15.75% | View data |
| 6 | 6 Ireland | 191.28 | 2023 | -9.53% | -10.01% | View data |
| 7 | 7 Serbia | 120.59 | 2023 | +9.13% | +3.16% | View data |
| 8 | 8 Poland | 119.16 | 2023 | +0.42% | -4.95% | View data |
| 9 | 9 Cyprus | 114.45 | 2023 | +2.8% | -0.85% | View data |
| 10 | 10 Germany | 112.06 | 2021 | -33.33% | +2.13% | View data |
