In 2023, France led the European machinery sector’s final consumption of solid fossil fuels at approximately 22.06 thousand tonnes of oil equivalent, followed by Germany and Serbia. Germany and Latvia experienced significant year-on-year growth, with increases of 1.65% and 21.67% respectively. Conversely, Poland and Hungary saw notable declines, with reductions of 20.35% and 20.05%. Over the last five years, the sector has faced an average yearly contraction due to decreased reliance on fossil fuels and tighter environmental regulations.
Future trends to watch in the European machinery sector include:
- A shift towards cleaner energy sources in, particularly pronounced in countries like France and Germany.
- Anticipated regulatory changes aimed at reducing carbon emissions, impacting fuel consumption patterns.
- Potential advancements in technology that could further decrease the consumption of solid fossil fuels.
Top countries in Machinery Sector Final Consumption of Solid Fossil Fuels by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 22.06 | 2023 | -5.87% | -2.06% | View data |
| 2 | 2 Germany | 13.68 | 2023 | -3.1% | +1.65% | View data |
| 3 | 3 Serbia | 11.11 | 2023 | +0.84% | +2.25% | View data |
| 4 | 4 Poland | 9.17 | 2023 | -49.97% | -20.35% | View data |
| 5 | 5 United Kingdom | 7.47 | 2023 | -4.12% | -4.19% | View data |
| 6 | 6 Czech Republic | 4.78 | 2021 | -20.26% | -15.93% | View data |
| 7 | 7 Bosnia and Herzegovina | 1.05 | 2023 | +0.77% | -2.12% | View data |
| 8 | 8 Hungary | 0.35 | 2023 | -0.84% | -20.05% | View data |
| 9 | 9 Montenegro | 0.27 | 2023 | +5.53% | +5.53% | View data |
| 10 | 10 Latvia | 0.11 | 2023 | 0% | +21.67% | View data |
