In 2023, Denmark and Germany lead the European marine fuel trade balance with significant positive balances, followed by Greece and Norway. Italy shows substantial growth at nearly 7% year-on-year. Most countries with positive balances saw modest increases except for the United Kingdom and France, which experienced declines of 17.75% and 7.38%, respectively. Belgium reports a notable negative balance, with stagnant performance observed in other countries like Portugal and Sweden. Over the past five years, variations presented slower growth rates across Europe, with some stability in smaller markets like Malta and Iceland.
Future trends to watch include:
- Potential shifts towards sustainable marine fuels impacting trade dynamics.
- Continued growth in Scandinavian regions driving regional trade balance changes.
- Monitoring the impact of regulatory changes within the IMO on fuel demand and trade flows.
Top countries in Marine Fuel Trade Balance by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 12,770 | 2023 | +5.19% | +1.54% | View data |
| 2 | 2 Germany | 12,620 | 2023 | +8.57% | +0.87% | View data |
| 3 | 3 Greece | 4,600 | 2023 | +4.01% | +3.29% | View data |
| 4 | 4 Norway | 4,540 | 2023 | +3.04% | +0.39% | View data |
| 5 | 5 Italy | 2,120 | 2023 | +10.48% | +6.99% | View data |
| 6 | 6 France | 391.49 | 2023 | -3.84% | -7.38% | View data |
| 7 | 7 United Kingdom | 291.05 | 2023 | -30.35% | -17.75% | View data |
| 8 | 8 Finland | 234.04 | 2023 | +1.75% | +3.12% | View data |
| 9 | 9 Iceland | 68.75 | 2023 | +5.28% | View data | |
| 10 | 10 Switzerland | 4.75 | 2023 | -3.04% | -1.78% | View data |
