The data shows a gradual decline in natural gas consumption in Germany's iron and steel sectors from 2024 to 2028. From 2023 to 2024, the consumption was stable at 23.48 Thousand Gigawatthours. The forecasted data suggests a year-on-year decrease of approximately 0.6% from 2024 onwards. The Compound Annual Growth Rate (CAGR) over this forecasted period is around -0.57%, indicating a steady reduction in natural gas usage in these industries.
Future trends to watch:
- Shifts towards renewable energy sources, as Germany accelerates its decarbonization efforts.
- Technological advancements in the industry aimed at reducing energy consumption and improving efficiency.
- Further regulatory changes impacting the use of fossil fuels within industrial sectors.
