As of 2023, Ukraine leads in the consumption of gas oil and diesel oil (excluding biofuel) within the European iron and steel sector, at 36.03 thousand tonnes of oil equivalent. Significant year-on-year increases were observed in Germany (16.1%) and Romania (17.86%), marking notable growth. Conversely, Greece (-6.4%) and Slovenia (-12.74%) saw declines. Over the past five years, while fluctuations occurred across the region, overall consumption trends revealed a moderate Compound Annual Growth Rate (CAGR). Austria's significant rise (13.28%) and Kosovo's notable growth (10.87%) also deserve attention within this context.
Looking ahead, future trends to monitor include potential shifts in energy policies across Europe, technological advancements aiming at greater energy efficiency, and geopolitical events that might impact supply and demand dynamics. Renewable energy integration remains a significant factor that could redefine fuel consumption patterns in the sector over the coming years. Policymakers and stakeholders should stay vigilant towards these evolving trends to effectively adapt strategies accordingly.
Top countries in Gas Oil and Diesel Oil (Excluding Biofuel Portion) Final Consumption in Iron and Steel Sectors Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 36.03 | 2023 | +3.69% | +0.31% | View data |
| 2 | 2 Germany | 10.02 | 2023 | -0.18% | +16.1% | View data |
| 3 | 3 Spain | 9.41 | 2023 | +0.19% | -1.19% | View data |
| 4 | 4 Sweden | 8.28 | 2023 | +2.55% | -0.47% | View data |
| 5 | 5 Italy | 7.55 | 2023 | +1.97% | +5.94% | View data |
| 6 | 6 France | 5.6 | 2023 | -4.6% | -3.34% | View data |
| 7 | 7 Kosovo | 5.14 | 2023 | +7.95% | +10.87% | View data |
| 8 | 8 Belgium | 4.85 | 2023 | -1.23% | +0.19% | View data |
| 9 | 9 Norway | 2.19 | 2023 | -1.97% | +0.53% | View data |
| 10 | 10 Iceland | 1.9 | 2023 | +2.71% | View data |
