In 2023, the consumption of brown coal briquettes in Germany's iron and steel sector was approximately 1.97 thousand gigawatt-hours. The forecast from 2024 to 2028 indicates a steady increase in consumption values: 2.03 (2024), 2.09 (2025), 2.16 (2026), 2.23 (2027), and 2.29 (2028) thousand gigawatt-hours. Year-on-year variations from 2023 to 2024 show an increase of approximately 3.05%, with a similar trend expected in subsequent years. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is forecasted to be around 2.45%.
Future trends to watch for:
- Potential shifts in energy policy that could affect coal consumption.
- Technological advancements in the iron and steel sector that might reduce dependence on coal.
- Incremental shifts towards renewable energy sources impacting the demand for coal briquettes.