In 2024, Spain leads Europe in fuel oil electricity production with a 29.82% share, followed by Greece and France. Notably, Ireland has surged with a remarkable 72.91% annual increase in 2023, contrasting Portugal’s significant decrease of 17.48%. Cyprus and Macedonia showed growth, whereas Ukraine and Finland experienced substantial declines. Established producers like Germany, Italy, and Slovakia recorded marginal variations. Other nations, including the UK and Czech Republic, registered significant reductions. Over five years, the varying CAGR underscores diversification towards renewable energy and energy efficiency efforts across Europe.
Future trends to watch include increased renewable energy integration across European countries, potentially reducing fuel oil reliance. Nations may adopt energy transitions influenced by policy shifts, technological advancements, and climate commitments, leading to further variation in electricity production shares.
Top countries in Fuel Oil Gross Electricity Production Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 29.82 | 2023 | +1.42% | -3.01% | View data |
| 2 | 2 Greece | 14 | 2023 | +1.74% | -0.58% | View data |
| 3 | 3 France | 13.62 | 2023 | +0.0077% | -0.2% | View data |
| 4 | 4 Cyprus | 12.7 | 2023 | +7.85% | +0.57% | View data |
| 5 | 5 Poland | 6.76 | 2023 | +0.017% | +3.42% | View data |
| 6 | 6 Ireland | 5.83 | 2023 | +7.33% | +72.91% | View data |
| 7 | 7 Germany | 3.68 | 2023 | +3.98% | -0.69% | View data |
| 8 | 8 Italy | 3.67 | 2023 | -30.72% | +0.1% | View data |
| 9 | 9 Portugal | 1.44 | 2023 | -31.97% | -17.48% | View data |
| 10 | 10 Slovakia | 1.42 | 2023 | +0.39% | -2.72% | View data |
