The 2023 data shows Sweden leading European LPG final consumption in the iron and steel sector with significant usage, despite a slight decline of 1.42% from the previous year. In contrast, Italy experienced a noteworthy increase of 18.22%, indicating a robust demand in its sector. Ukraine's consumption remained steady, whereas Finland faced the greatest drop of over 37%. Smaller markets like Greece, France, and Norway showed mild growth, while countries like Spain and Austria reported declines. The CAGR over the last five years indicates potential shifts in sector dynamics across Europe, reflecting varied industrial demands and energy strategies.
Future trends to watch include technological advancements driving efficiency in LPG use, potential policy shifts encouraging eco-friendly energy alternatives, and the geopolitical landscape affecting LPG supply and pricing across different European countries. The balance between economic growth, sustainability, and energy security will play a crucial role in shaping consumption patterns in the iron and steel sectors.
Top countries in Liquefied Petroleum Gases Final Consumption in Iron and Steel Sectors Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 68.5 | 2023 | +3.17% | -1.42% | View data |
| 2 | 2 Italy | 12.83 | 2023 | +1.66% | +18.22% | View data |
| 3 | 3 Ukraine | 10.68 | 2023 | +27.26% | View data | |
| 4 | 4 Greece | 4.05 | 2023 | +2.95% | +2.99% | View data |
| 5 | 5 Finland | 3.87 | 2023 | +15.96% | -37.63% | View data |
| 6 | 6 France | 3.47 | 2023 | +9.01% | +1.51% | View data |
| 7 | 7 Spain | 2.34 | 2023 | -22.83% | -14.88% | View data |
| 8 | 8 Norway | 1.47 | 2023 | +1.25% | +1.13% | View data |
| 9 | 9 Poland | 0.57 | 2023 | +9.13% | +0.76% | View data |
| 10 | 10 Slovenia | 0.54 | 2023 | +9.8% | -1.45% | View data |
