The European non-ferrous metals sector's electricity consumption in 2023 was highest in Norway, followed by Germany and Iceland. Norway showed a growth of 1.71% from the previous year, while Germany and Iceland saw slight declines in consumption. Other notable variations include significant decreases in Spain (-5.4%), Greece (-5.41%), and the United Kingdom (-4.04%). Conversely, Serbia and Kosovo experienced substantial growth at 6.5% and 6.04%, respectively. Over the last five years, the compound annual growth rate (CAGR) has shown mixed trends across the region, with notable fluctuations indicating volatility in electricity consumption within the sector.
Future trends to watch include the impact of increased renewable energy integration and energy efficiency measures across Europe. Countries with higher volatility might stabilize as they adopt more sustainable practices. Moreover, geopolitical shifts and changes in industrial policies could further influence electricity consumption patterns, potentially leading to a realignment in the sector's energy dependencies by 2024 and beyond.
Top countries in Non-Ferrous Metals Sector Final Consumption of Electricity Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 22.84 | 2023 | +0.7% | +1.71% | View data |
| 2 | 2 Germany | 14.36 | 2023 | -0.73% | -1.26% | View data |
| 3 | 3 Iceland | 12.71 | 2023 | +0.24% | -0.63% | View data |
| 4 | 4 France | 7.88 | 2023 | -0.76% | +0.35% | View data |
| 5 | 5 Spain | 6.71 | 2023 | -0.52% | -5.4% | View data |
| 6 | 6 Romania | 3.7 | 2023 | +6.32% | +1.86% | View data |
| 7 | 7 Greece | 3.57 | 2023 | -3.33% | -5.41% | View data |
| 8 | 8 United Kingdom | 3.22 | 2023 | -4.17% | -4.04% | View data |
| 9 | 9 Sweden | 2.77 | 2023 | -0.0016% | -0.96% | View data |
| 10 | 10 Slovakia | 2.68 | 2023 | +4.75% | +1.77% | View data |
