The European fuel oil consumption in the machinery sector in 2023 exhibits varied trends across countries. Spain shows the highest consumption at 46.35 TTOE, with a relative increase of 5.94% year-on-year. Greece displayed the most significant surge (62.19%), while Serbia and the Czech Republic also saw notable increases. Conversely, Italy and Germany experienced declines, at -16.56% and -10.19% respectively. Medium to low consumption trends are seen in countries like France and Austria, with modest growth, while countries like Macedonia and Bulgaria noted minor decreases. Sweden, Cyprus, and others represent marginal consumption levels.
Looking forward, watch for:
- Economic recovery impacting oil demand in industries across Europe.
- Transitioning towards sustainable energy that may decrease dependency on fuel oil.
- Technological advancements in machinery that could enhance efficiency, influencing fuel consumption patterns.
Top countries in Fuel Oil Final Consumption in Machinery Sector by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 46.35 | 2023 | +4.64% | +5.94% | View data |
| 2 | 2 Italy | 33.63 | 2023 | -19.65% | -16.56% | View data |
| 3 | 3 Serbia | 18.93 | 2023 | +8.25% | +23.17% | View data |
| 4 | 4 Greece | 13.4 | 2023 | +0.15% | +62.19% | View data |
| 5 | 5 Austria | 5.87 | 2023 | +11.59% | +5.67% | View data |
| 6 | 6 Czech Republic | 3.01 | 2023 | +0.066% | +26.15% | View data |
| 7 | 7 France | 2.25 | 2023 | -4.14% | +35.76% | View data |
| 8 | 8 Germany | 1.69 | 2023 | -3.6% | -10.19% | View data |
| 9 | 9 Macedonia | 0.7 | 2023 | -1.96% | -2.09% | View data |
| 10 | 10 Bosnia and Herzegovina | 0.54 | 2023 | +14.29% | +4.82% | View data |
