The European fuel oil transformation output in 2023 showed notable variations among countries. The Netherlands led with a slight decrease of 1.97%, followed by declines in Germany and Belgium at 1.1% and 3.62% respectively. France and Sweden saw marginal increases, while significant reductions were observed in Greece, Spain, and Finland. The United Kingdom faced a substantial drop of 19.67%, and Eastern European countries like Ukraine and the Czech Republic experienced drastic downturns at over 20%. The compound annual growth rate over the past five years reflects a downward trend across most regions.
Future trends to watch include:
- Transitioning investments in clean energy may push down production.
- Policy shifts towards sustainability could alter output levels.
- Technological advancements in alternative energy could further impact traditional fuel oil demand.
Top countries in Fuel Oil Transformation Output by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 411,150 | 2023 | +0.018% | -1.97% | View data |
| 2 | 2 Germany | 288,500 | 2023 | +1.38% | -1.1% | View data |
| 3 | 3 Belgium | 279,500 | 2023 | +6.38% | -3.62% | View data |
| 4 | 4 France | 237,660 | 2023 | +4.93% | +0.1% | View data |
| 5 | 5 Italy | 234,170 | 2023 | -3.56% | -3.12% | View data |
| 6 | 6 Sweden | 219,510 | 2023 | +3.7% | +0.29% | View data |
| 7 | 7 Greece | 208,480 | 2023 | +7.12% | -4.5% | View data |
| 8 | 8 Spain | 186,160 | 2023 | -3.11% | -5.14% | View data |
| 9 | 9 Poland | 131,580 | 2023 | +8.32% | -2.36% | View data |
| 10 | 10 Portugal | 90,000 | 2023 | -3.23% | -3.04% | View data |
