Forecast: Electricity Final Consumption in Chemical and Petrochemical Sectors in Italy

The electricity final consumption in Italy’s chemical and petrochemical sectors shows a declining trend from 2024 to 2028. Starting from 50.24 thousand terajoules (TJ) in 2024, the consumption is forecasted to decrease gradually, reaching 49.08 thousand TJ by 2028. This indicates a yearly decline of approximately 0.6% in 2025 and slightly steeper declines in subsequent years. Unfortunately, data for 2023 is not provided, making it difficult to precisely calculate trends and variations for 2023-2024. The compound annual growth rate (CAGR) for 2024-2028, a key indicator of long-term trend, stands at a declining rate of approximately 0.6%.

Future trends to watch for include:

  • Impact of regulatory changes on energy efficiency and consumption in industrial sectors.
  • Potential technological advancements boosting energy savings and eco-friendly practices.
  • Market dynamics and energy prices influencing electricity consumption behavior.

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