List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Europe Bunker Fuel Market, 2022-2032, $ mn 19
Figure 5. Impact of COVID-19 on Business 23
Figure 6. Primary Drivers and Impact Factors of Europe Bunker Fuel Market 25
Figure 7. World Shipbuilding Capacity by Country, 2013 – 2026F, million CGT 28
Figure 8. Fleet Market by Region of Beneficial Ownership, 2022, Millions of dead-weight tons 28
Figure 9. World Crude Oil Production, 2000-2021, million tons 30
Figure 10. Primary Restraints and Impact Factors of Europe Bunker Fuel Market 31
Figure 11. Investment Opportunity Analysis 35
Figure 12. Porter’s Fiver Forces Analysis of Europe Bunker Fuel Market 38
Figure 13. Breakdown of Europe Bunker Fuel Market by Fuel Type, 2022-2032, % of Revenue 43
Figure 14. Europe Addressable Market Cap in 2023-2032 by Fuel Type, Value ($ mn) and Share (%) 43
Figure 15. Europe Bunker Fuel Market by Fuel Type: Very Low Sulfur Fuel Oil (VLSFO), 2022-2032, $ mn 44
Figure 16. Europe Bunker Fuel Market by Fuel Type: High Sulfur Fuel Oil (HSFO), 2022-2032, $ mn 45
Figure 17. Total Number of Ships with Scrubbers Installed by the End of 2020 by Ship Type 46
Figure 18. Europe Bunker Fuel Market by Fuel Type: Marine Gas Oil (MGO), 2022-2032, $ mn 47
Figure 19. Europe Bunker Fuel Market by Fuel Type: Liquefied Natural Gas (LNG), 2022-2032, $ mn 48
Figure 20. World Cumulative LNG Carrier Fleet, 1991-2020 49
Figure 21. World Combined Capacity of LNG Carriers, 1991-2020, MTPA 49
Figure 22. Europe Bunker Fuel Market by Fuel Type: Other Fuel Types, 2022-2032, $ mn 50
Figure 23. Breakdown of Europe Bunker Fuel Market by Fuel Grade, 2022-2032, % of Sales Revenue 52
Figure 24. Europe Addressable Market Cap in 2023-2032 by Fuel Grade, Value ($ mn) and Share (%) 52
Figure 25. Europe Bunker Fuel Market by Fuel Grade: Bunker A, 2022-2032, $ mn 53
Figure 26. Europe Bunker Fuel Market by Fuel Grade: Bunker B, 2022-2032, $ mn 54
Figure 27. Europe Bunker Fuel Market by Fuel Grade: Bunker C, 2022-2032, $ mn 55
Figure 28. Breakdown of Europe Bunker Fuel Market by Vessel Type, 2022-2032, % of Sales Revenue 57
Figure 29. Europe Addressable Market Cap in 2023-2032 by Vessel Type, Value ($ mn) and Share (%) 57
Figure 30. Europe Bunker Fuel Market by Vessel Type: Bulk Carriers, 2022-2032, $ mn 58
Figure 31. Europe Bunker Fuel Market by Vessel Type: Tankers, 2022-2032, $ mn 59
Figure 32. Europe Bunker Fuel Market by Vessel Type: Containers, 2022-2032, $ mn 60
Figure 33. Europe Bunker Fuel Market by Vessel Type: General Cargo, 2022-2032, $ mn 61
Figure 34. Europe Bunker Fuel Market by Vessel Type: Other Vessel Types, 2022-2032, $ mn 62
Figure 35. Breakdown of Europe Bunker Fuel Market by Seller Type, 2022-2032, % of Revenue 64
Figure 36. Europe Addressable Market Cap in 2023-2032 by Seller Type, Value ($ mn) and Share (%) 64
Figure 37. Europe Bunker Fuel Market by Seller Type: Major Oil Companies, 2022-2032, $ mn 65
Figure 38. Europe Bunker Fuel Market by Seller Type: Leading Independent Sellers, 2022-2032, $ mn 66
Figure 39. Europe Bunker Fuel Market by Seller Type: Small Independent Sellers, 2022-2032, $ mn 67
Figure 40. Breakdown of European Bunker Fuel Market by Country, 2022 and 2032, % of Revenue 69
Figure 41. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 70
Figure 42. Bunker Fuel Market in Germany, 2022-2032, $ mn 71
Figure 43. Bunker Fuel Market in U.K., 2022-2032, $ mn 73
Figure 44. Bunker Fuel Market in Norway, 2022-2032, $ mn 75
Figure 45. Bunker Fuel Market in Spain, 2022-2032, $ mn 77
Figure 46. Bunker Fuel Market in Italy, 2022-2032, $ mn 79
Figure 47. Bunker Fuel Market in Netherlands, 2022-2032, $ mn 81
Figure 48. Bunker Fuel Market in Rest of Europe, 2022-2032, $ mn 83
Figure 49. Growth Stage of Europe Bunker Fuel Industry over the Forecast Period 85
Europe bunker fuel market was valued at $22,330 million in 2022 and will grow by 4.6% annually over 2022-2032, driven by the escalating demand for international seaborne trade, the rising oil and gas exploration activities in deep offshore areas, the government supports on strengthening geographical border security, and the rising R&D projects to develop clean and eco-friendly fuels. Highlighted with 32 tables and 49 figures, this 108-page report “Europe Bunker Fuel Market 2022-2032 by Fuel Type (VLSFO, HSFO, MGO, LNG), Fuel Grade (Bunker A, Bunker B, Bunker C), Vessel Type (Bulk Carriers, Tankers, Containers, General Cargo, Others), Seller Type (Major Oil Companies, Leading Independent Sellers, Small Independent Sellers), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe bunker fuel market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe bunker fuel market in every aspect of the classification from perspectives of Fuel Type, Fuel Grade, Vessel Type, Seller Type, and Country. Based on Fuel Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. • Very Low Sulfur Fuel Oil (VLSFO) • High Sulfur Fuel Oil (HSFO) • Marine Gas Oil (MGO) • Liquefied Natural Gas (LNG) • Other Fuel Types Based on Fuel Grade, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. • Bunker A • Bunker B • Bunker C By Vessel Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. • Bulk Carriers • Tankers • Containers • General Cargo • Other Vessel Types By Seller Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section. • Major Oil Companies • Leading Independent Sellers • Small Independent Sellers Geographically, the following national/local markets are fully investigated: • Germany • UK • Norway • Spain • Italy • Netherlands • Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, France, Denmark, and Finland) For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Fuel Type, Vessel Type and Seller Type over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG) BP PLC Bunker Holding A/S Chevron Corporation China COSCO Shipping Corporation Limited Clipper Oil Evergreen Marine Corp Taiwan Ltd. Exxon Mobil Corporation Fuel Suppliers Gazprom Marine Bunker LLC Gulf Agency Company Ltd. Neste Corporation Pacific International Lines Pte Ltd. PJSC (Lukoil Oil Company) Shell Plc TotalEnergies SE World Fuel Services Corporation Yang Ming Marine Transport Corporation (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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