Forecast: Petroleum Coke Final Consumption in Industry in Italy

In 2023, the final consumption of petroleum coke in Italy's industry stood at approximately 934 thousand tonnes of oil equivalent. In the subsequent years, from 2024 to 2028, there is a forecasted steady decline. The consumption is expected to decrease annually, with 2024 starting at 927.02 and declining to 898.68 by 2028. Year-on-year variations reflect a consistent reduction, averaging a negative change annually. On a broader scope, the compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is declining. This trend indicates a gradual decrease in usage.

Future trends to watch for:

  • Shifts towards renewable energy sources might accelerate the decline in petroleum coke consumption.
  • Regulatory and policy changes aiming at reducing carbon emissions could further impact demand.
  • Technological advancements in industries might lead to more efficient energy use, thereby decreasing reliance on petroleum coke.

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