The projected final consumption of solid fossil fuels in Germany's iron and steel sectors shows a clear declining trend from 2024 to 2028. Starting at 703.5 thousand tonnes of oil equivalent (ktoe) in 2024, the forecasted decrease is consistent, dropping to 617.52 ktoe by 2028. Year-over-year, this equates to a reduction of approximately 3% annually. The compound annual growth rate (CAGR) reflects a negative trend over these five years, reinforcing the anticipated reduction in reliance on solid fossil fuels.
Future trends to watch for include the potential impact of increasing regulations and innovations aimed at reducing carbon emissions. Transitioning towards greener alternatives and enhancing energy efficiency in the iron and steel industries could significantly alter energy consumption patterns, potentially accelerating the observed downward trend.
