The European fuel oil final consumption in the iron and steel sectors shows variation among countries, with Italy leading at 36.26 GWh and France at the lowest with 0.15 GWh in 2023. The year-over-year changes indicate a decline, notably in Sweden at -15.08% and the United Kingdom at -12.04%, while Austria experienced a minor increase of 4.18%. Over the last five years, the compound annual growth rate (CAGR) highlights a consistent reduction across most countries except Austria, which shows signs of growth.
Looking ahead, future trends to watch include the potential impact of regulatory changes aimed at reducing carbon emissions and improving energy efficiency across Europe. Furthermore, advancements in alternative energy sources and technology could significantly impact fuel oil consumption in the iron and steel sectors.
Top countries in Fuel Oil Final Consumption in Iron and Steel Sectors Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.26 | 2023 | +0.76% | -2.78% | View data |
| 2 | 2 Spain | 30.8 | 2023 | +6.34% | -1.1% | View data |
| 3 | 3 Macedonia | 15.66 | 2023 | -9.41% | -2.01% | View data |
| 4 | 4 Sweden | 11.24 | 2023 | -20.31% | -15.08% | View data |
| 5 | 5 United Kingdom | 3.35 | 2023 | -13.53% | -12.04% | View data |
| 6 | 6 Belgium | 0.69 | 2023 | -13.51% | -10.78% | View data |
| 7 | 7 Austria | 0.59 | 2023 | -38.99% | +4.18% | View data |
| 8 | 8 Slovakia | 0.28 | 2023 | +0.024% | View data | |
| 9 | 9 Greece | 0.16 | 2023 | -26.16% | -12.09% | View data |
| 10 | 10 France | 0.15 | 2021 | -13.54% | -27.23% | View data |
