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.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of Europe Market by Fuel Type 42
3.1 Market Overview by Fuel Type 42
3.2 Very Low Sulfur Fuel Oil (VLSFO) 44
3.3 High Sulfur Fuel Oil (HSFO) 45
3.4 Marine Gas Oil (MGO) 47
3.5 Liquefied Natural Gas (LNG) 48
3.6 Other Fuel Types 50
4 Segmentation of Europe Market by Fuel Grade 51
4.1 Market Overview by Fuel Grade 51
4.2 Bunker A 53
4.3 Bunker B 54
4.4 Bunker C 55
5 Segmentation of Europe Market by Vessel Type 56
5.1 Market Overview by Vessel Type 56
5.2 Bulk Carriers 58
5.3 Tankers 59
5.4 Containers 60
5.5 General Cargo 61
5.6 Other Vessel Types 62
6 Segmentation of Europe Market by Seller Type 63
6.1 Market Overview by Seller Type 63
6.2 Major Oil Companies 65
6.3 Leading Independent Sellers 66
6.4 Small Independent Sellers 67
7 European Market 2022-2032 by Country 68
7.1 Overview of European Market 68
7.2 Germany 71
7.3 U.K. 73
7.4 Norway 75
7.5 Spain 77
7.6 Italy 79
7.7 Netherlands 81
7.8 Rest of European Market 83
8 Competitive Landscape 85
8.1 Overview of Key Vendors 85
8.2 New Product Launch, Partnership, Investment, and M&A 88
8.3 Company Profiles 89
Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG) 89
BP PLC 91
Bunker Holding A/S 92
Chevron Corporation 93
China COSCO Shipping Corporation Limited 94
Clipper Oil 95
Evergreen Marine Corp Taiwan Ltd. 96
Exxon Mobil Corporation 97
Fuel Suppliers 98
Gazprom Marine Bunker LLC 99
Gulf Agency Company Ltd. 100
Neste Corporation 101
Pacific International Lines Pte Ltd. 102
PJSC (Lukoil Oil Company) 103
Shell Plc 104
TotalEnergies SE 105
World Fuel Services Corporation 106
Yang Ming Marine Transport Corporation 107
RELATED REPORTS 108
List of Tables:
Table 1. Snapshot of Europe Bunker Fuel Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Fleet Ownership and Registration by Main Economies, 1 January 2022, Number of vessels and Thousands of dead-weight tons 29
Table 5. Main Product Trends and Market Opportunities in Europe Bunker Fuel Market 34
Table 6. Europe Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 42
Table 7. Europe Bunker Fuel Market by Fuel Grade, 2022-2032, $ mn 51
Table 8. Europe Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 56
Table 9. Europe Bunker Fuel Market by Seller Type, 2022-2032, $ mn 63
Table 10. Europe Bunker Fuel Market by Country, 2022-2032, $ mn 70
Table 11. Mexico Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 72
Table 12. Mexico Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 72
Table 13. Mexico Bunker Fuel Market by Seller Type, 2022-2032, $ mn 72
Table 14. U.K. Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 74
Table 15. U.K. Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 74
Table 16. U.K. Bunker Fuel Market by Seller Type, 2022-2032, $ mn 74
Table 17. Norway Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 76
Table 18. Norway Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 76
Table 19. Norway Bunker Fuel Market by Seller Type, 2022-2032, $ mn 76
Table 20. Spain Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 78
Table 21. Spain Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 78
Table 22. Spain Bunker Fuel Market by Seller Type, 2022-2032, $ mn 78
Table 23. Italy Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 80
Table 24. Italy Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 80
Table 25. Italy Bunker Fuel Market by Seller Type, 2022-2032, $ mn 80
Table 26. Netherlands Bunker Fuel Market by Fuel Type, 2022-2032, $ mn 82
Table 27. Netherlands Bunker Fuel Market by Vessel Type, 2022-2032, $ mn 82
Table 28. Netherlands Bunker Fuel Market by Seller Type, 2022-2032, $ mn 82
Table 29. Bunker Fuel Market in Rest of Europe by Country, 2022-2032, $ mn 84
Table 30. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Company Snapshot 89
Table 31. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Business Segmentation 90
Table 32. Bomin Bunker Holding GmbH & Co. KG (Marquard & Bahls AG): Product Portfolio 90
