The forecast for fuel oil final consumption in Italy's iron and steel sectors shows a consistent downward trend from 2024 to 2028, with a reduction in consumption from 1.87 to 1.75 thousand terajoules. This represents a year-on-year decrease of approximately 1.6% annually.
The compound annual growth rate (CAGR) over this forecasted period suggests a steady decline, which is indicative of a shift towards more energy-efficient practices or alternate energy sources within the sector. In 2023, the level of consumption was slightly above the 2024 forecast, indicating a continuation of this downward trajectory.
Future trends to watch for include the adoption of cleaner technologies, policy changes promoting reduced carbon emissions, and shifts in industrial strategy that may further impact fuel oil usage in these sectors.
