In 2023, natural gas consumption in France's iron and steel sectors was recorded at 6.48 thousand GWh. Analysis of forecast data from 2024 to 2028 reveals a gradual year-on-year decline in consumption, starting from 6.45 in 2024 and reducing to 6.34 by 2028. This demonstrates a consistent decrease, with annual reductions fluctuating minimally around -0.47% to -0.57%. The overall five-year compound annual growth rate (CAGR) indicates a steady downward trend at approximately -0.55% annually.
Future trends to watch for include the potential impact of energy efficiency measures, technological advancements in steel production, and the role of renewable energy sources as the industry increasingly shifts towards sustainable practices. Strategic shifts in environmental policy and economic factors may further influence natural gas consumption dynamics.
- Year-on-year variation: Consistent decline of approximately -0.47% to -0.57%.
- CAGR over five years: Approximately -0.55% annually.
