In 2023, Germany, Italy, and Ukraine led the European iron and steel sector in the final consumption of electricity, respectively accounting for significant shares. Year-on-year performance indicated declines in most major countries, with Germany and Italy falling by 2.52% and 0.23%, respectively. Romania and the UK saw steep drops of 5.99% and 7.6%. Remarkably, small countries displayed notable growth, as seen in Estonia, Cyprus, and Malta, indicating shifts in production or efficiency gains in these regions.
Going forward, potential shifts include increased adoption of renewable energy, efficiency improvements, and policy impacts, possibly altering consumption patterns. Monitoring smaller economies with rapid percentage growth might provide insights into new emerging centers of steel production within Europe.
Top countries in Iron and Steel Sector Final Consumption of Electricity Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.33 | 2023 | -1.28% | -2.52% | View data |
| 2 | 2 Italy | 13.97 | 2023 | +2.49% | -0.23% | View data |
| 3 | 3 Ukraine | 10.99 | 2023 | -2.79% | -3.6% | View data |
| 4 | 4 Spain | 10.62 | 2023 | +3.54% | -1.25% | View data |
| 5 | 5 France | 9.63 | 2023 | +5.14% | -1.45% | View data |
| 6 | 6 Poland | 4.52 | 2023 | -0.28% | -2.38% | View data |
| 7 | 7 Norway | 3.76 | 2023 | -1.31% | -1.4% | View data |
| 8 | 8 Finland | 3.61 | 2023 | +1.66% | +2.38% | View data |
| 9 | 9 Sweden | 3.22 | 2023 | -0.55% | -1.28% | View data |
| 10 | 10 Belgium | 3.06 | 2023 | -0.38% | -1.76% | View data |
