In 2023, Germany's blast furnace gas final consumption in the industry was observed at 1.26 million tonnes of oil equivalent. From 2024 to 2028, a declining trend is forecasted, with consumption dropping from 1.24 to 1.16 million tonnes. This represents a year-on-year decrease of approximately 1.61% between 2024-2025, 1.64% between 2025-2026, 1.67% between 2026-2027, and 1.69% between 2027-2028. The compound annual growth rate (CAGR) over these five years is approximately -1.58%, indicating a steady reduction in consumption.
Future trends to watch for include:
- The impact of Germany’s energy transition policies on industry usage of blast furnace gas.
- Technological advancements in gas efficiency and alternative energy sources.
- Regulatory changes affecting the steel industry and associated energy consumption patterns.