The final consumption forecast for gas oil and diesel oil, excluding the biofuel portion, in Germany's iron and steel sectors shows a steady decline. From 2023 to 2028, we see a consistent downward trend, with values beginning at an estimated 132.36 gigawatt-hours in 2024 and decreasing annually to 111.39 gigawatt-hours by 2028. This translates to a compound annual growth rate (CAGR) of approximately -4.3%, indicating a significant reduction over the period.
Future trends to watch for:
- Continued investment in renewable energy sources and increased energy efficiency in the iron and steel sectors may further lower reliance on fossil fuel derivatives.
- Possible regulatory changes in Germany could impose stricter environmental standards, accelerating the shift away from traditional gas and diesel oils.
