The consumption of solid fossil fuels in the iron and steel sectors across European countries highlights significant variations in 2023. Ukraine leads consumption, although it saw a slight decline from the previous year. Germany and Romania follow, with Romania experiencing a modest increase and Germany a decrease. Italy, France, and the UK, major industrial players, all posted substantial declines. Contrarily, Austria and Bosnia and Herzegovina reported impressive growth, with Bosnia registering the highest year-on-year increase. Despite Poland's previous standing, it suffered a drastic reduction. The trends indicate a regional shift towards fluctuating consumption patterns.
Going forward, several trends could influence future consumption patterns. With Europe striving towards sustainability, a pivot to greener technologies could accelerate, potentially reducing dependence on solid fossil fuels. However, geopolitical factors and energy policy shifts across Europe may also affect energy mix decisions, forecasts, and strategic practices in the iron and steel industry. Moreover, new investments in technology and efficiency could reshape the landscape of fuel consumption within the sector.
Top countries in Solid Fossil Fuels Final Consumption in Iron and Steel Sectors by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 89,530 | 2023 | -4.28% | -3.19% | View data |
| 2 | 2 Germany | 28,620 | 2023 | +1.35% | -1.44% | View data |
| 3 | 3 Romania | 22,310 | 2023 | +0.82% | +2.14% | View data |
| 4 | 4 Italy | 10,940 | 2023 | -3.25% | -8.63% | View data |
| 5 | 5 Czech Republic | 9,730 | 2023 | -8.78% | -3.59% | View data |
| 6 | 6 Slovakia | 8,460 | 2023 | -1.65% | -3.89% | View data |
| 7 | 7 Norway | 7,970 | 2023 | -2.3% | +1.55% | View data |
| 8 | 8 Austria | 6,770 | 2023 | +0.34% | +7.74% | View data |
| 9 | 9 Netherlands | 6,140 | 2023 | +4.87% | +0.28% | View data |
| 10 | 10 United Kingdom | 5,580 | 2023 | -12.13% | -8.96% | View data |
