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.