In 2023, Germany led European electricity consumption in the iron and steel sector, closely followed by Italy and Ukraine. Most countries saw slight declines in consumption from the year before. Notably, Estonia, Kosovo, Albania, Cyprus, and Iceland witnessed increases, while Malta reported an unprecedented surge. Consistent declines were noted in countries like Germany, Ukraine, and the UK, signifying potential challenges or efficiency improvements.
Going forward, watch for shifts in energy policy, technological advancements in steel production, and economic pressures that may redefine consumption patterns across Europe. Renewable energy integration and eco-friendly practices can further influence this sector's demand for electricity.
Top countries in Electricity Final Consumption in Iron and Steel Sectors by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 83,470 | 2023 | -1.28% | -2.52% | View data |
| 2 | 2 Italy | 66,530 | 2023 | +2.22% | -0.46% | View data |
| 3 | 3 Ukraine | 52,950 | 2023 | -2.79% | -3.6% | View data |
| 4 | 4 Spain | 51,970 | 2023 | +4% | -0.94% | View data |
| 5 | 5 France | 46,400 | 2023 | +5.14% | -1.45% | View data |
| 6 | 6 Poland | 22,120 | 2023 | +0.23% | -2.08% | View data |
| 7 | 7 Norway | 18,130 | 2023 | -1.24% | -1.36% | View data |
| 8 | 8 Finland | 17,390 | 2023 | +1.54% | +2.32% | View data |
| 9 | 9 Sweden | 15,550 | 2023 | -0.53% | -1.26% | View data |
| 10 | 10 Belgium | 14,760 | 2023 | -0.38% | -1.76% | View data |
