Forecast: Non-Metallic Minerals Sector Final Consumption of Hard Coal in Germany

Historical data from 2013 to 2023 for the non-metallic minerals sector final consumption of hard coal in Germany shows fluctuations with a notable overall decline. In 2023, the volume stood at 322.89 thousand metric tons. Significant year-on-year variations include a 16.16% increase in 2021 and an 18.78% decrease in 2020. Recent trends indicate a decline with an 8.02% decrease in 2022 and a 6.28% decrease in 2023, resulting in a five-year CAGR of -3.36%. The forecast from 2024 onward predicts a continuous downturn with a notable five-year CAGR of -11.75%, forecasting a total decline of 46.48% by 2028.

Future trends to watch for include potential shifts towards greener energy sources and technological advancements in non-metallic mineral production which could further decrease hard coal consumption. Policy changes and environmental regulations will likely continue to play a significant role in shaping the sector's energy consumption profile.