The final consumption of anthracite in Germany's iron and steel sector has experienced considerable fluctuations over the past decade. From a peak in 2015, consumption trends have generally shown a decline, particularly notable in the periods 2018-2020, where consumption dropped significantly. During 2021-2023, a recovery phase is observable, with a noticeable growth peaking at 816.83 thousand metric tons in 2023. The latter part of the historical data reflects a modest CAGR of 1.95% from 2023 to 2028.
Year-on-year trends in recent years have shown substantial volatility, with a significant drop in 2020 followed by a recovery phase through 2021 and 2022. The industry shows resilience and a shift towards stabilization and slight growth, marking a year-on-year increase of 7.97% in 2023 and a forecast indicating continued but moderate growth ahead.
The future trends to watch include advancements in alternative energies and sustainability practices, which may affect anthracite consumption. Regulatory changes, evolving demand for steel, and technological advancements in the iron and steel manufacturing processes will also play critical roles in shaping the future consumption patterns of anthracite.
