Forecast: Natural Gas Final Consumption in Wood and Wood Products Sector in Germany

In 2023, the final consumption of natural gas in Germany's wood and wood products sector stood at approximately 4.8 thousand terajoules. Projections for 2024 to 2028 indicate a slight and consistent decline in consumption, decreasing from 4.76 to 4.55 thousand terajoules over these years. The year-on-year variations show decreases of around 1%, which equates to a compound annual growth rate (CAGR) of just over -1% across the five-year period.

Future trends to watch for include:

  • A shift towards renewable energy sources within the industry, potentially accelerating the reduction in natural gas consumption.
  • Technological advancements and efficiency improvements that could further impact natural gas use.
  • Policymaker initiatives aiming at sustainability that might affect consumption patterns.

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