The natural gas consumption in Germany's iron and steel sectors shows a gradual decline from 2024 to 2028. In 2023, consumption stood at 85.00 thousand terajoules. Forecasted figures indicate a diminishing trend with minor reductions from year to year, reflecting a cautious approach toward energy efficiency and potential shifts to alternative energy sources.
Year-on-year percentage changes look relatively stable with minor decreases, showcasing industry's adaption to energy optimizations and technological improvements. The Compound Annual Growth Rate (CAGR) suggests a slight annual decline in gas consumption.
Future trends to watch for include:
- Advancements in green steel production technologies.
- Policies promoting renewables over fossil fuels.
- Innovations in energy efficiencies within the sector.
- Market shifts towards sustainable materials with possibly reduced natural gas dependency.