In 2023, Germany led the European electricity consumption in the iron and steel sectors with 17.63 thousand tonnes of oil equivalent, despite a year-on-year decline of 2.04%. Italy, Ukraine, Spain, and France followed, all experiencing slight decreases. Finland and Serbia showed notable consumption growth. Conversely, the UK and Croatia faced the largest declines, reflecting a shift in energy efficiencies or industry dynamics. Over the last five years, consumption growth has been modest across most countries, except for some microstates like Estonia, Cyprus, and Moldova, which experienced significant hikes.
Looking ahead, key trends to watch include increased investments in renewable energy and electrification initiatives in the iron and steel industry. Continued geopolitical and economic shifts may also impact these sectors, especially in nations heavily reliant on imports or with less diversification in their energy sources. Monitoring these variables will be crucial for anticipating changes in energy consumption patterns across Europe.
Top countries in Electricity Final Consumption in Iron and Steel Sectors Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.63 | 2023 | -0.19% | -2.04% | View data |
| 2 | 2 Italy | 13.87 | 2023 | +2.48% | -0.23% | View data |
| 3 | 3 Ukraine | 10.89 | 2023 | -2.84% | -3.64% | View data |
| 4 | 4 Spain | 10.49 | 2023 | +3.43% | -1.36% | View data |
| 5 | 5 France | 9.47 | 2023 | +4.66% | -1.64% | View data |
| 6 | 6 Poland | 4.45 | 2023 | -0.37% | -2.57% | View data |
| 7 | 7 Norway | 3.81 | 2023 | -0.45% | -0.98% | View data |
| 8 | 8 Finland | 3.61 | 2023 | +1.77% | +2.45% | View data |
| 9 | 9 Sweden | 3.27 | 2023 | -0.11% | -0.87% | View data |
| 10 | 10 Belgium | 3.05 | 2023 | -0.3% | -1.69% | View data |
