The forecasted 2024 data show Germany remains the top importer of crude oil in Europe, despite a slight decrease in imports. Spain and the Netherlands show growth with slight increases, while France and Sweden face declines. The UK maintains a stable import rate with a minor decrease. Central and Eastern European countries like Bulgaria and Romania see positive growth, whereas Hungary and Ukraine display contrasting trends with significant declines and increases, respectively. Over the last five years, the average variation per year suggests modest growth or stability across most countries, with significant fluctuations mainly in smaller markets.
Future trends to watch for European crude oil imports include the impact of energy transition policies that might reduce reliance on oil. Additionally, geopolitical tensions or supply disruptions could cause volatility, while technological advancements in energy efficiency could further influence import levels. Lastly, potential economic growth or contractions may also affect demand patterns across the continent.
Top countries in Crude Oil Imports by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,348,600 | 2023 | -1.6% | -1.56% | View data |
| 2 | 2 Spain | 2,895,000 | 2023 | +5.01% | +0.25% | View data |
| 3 | 3 Italy | 2,590,300 | 2023 | +3.23% | -0.06% | View data |
| 4 | 4 Netherlands | 2,483,100 | 2023 | +3.81% | +1.38% | View data |
| 5 | 5 France | 1,925,300 | 2023 | +2.3% | -3.12% | View data |
| 6 | 6 United Kingdom | 1,874,600 | 2023 | -0.53% | -0.43% | View data |
| 7 | 7 Belgium | 1,447,000 | 2023 | +4.84% | +0.79% | View data |
| 8 | 8 Poland | 1,073,900 | 2023 | +1.2% | -1.2% | View data |
| 9 | 9 Greece | 1,016,600 | 2023 | +1.69% | +0.12% | View data |
| 10 | 10 Sweden | 740,530 | 2023 | -1.12% | -2.53% | View data |
