The European iron and steel sector's electricity consumption in 2023 revealed Germany leading with the highest usage, followed by Italy and Ukraine. The data shows a broad decline in electricity usage from 2022 to 2023, particularly in the UK (-7.6%) and Romania (-5.99%), while some countries like Malta and Moldova saw significant increases. Over the past five years, the compound annual growth rate (CAGR) suggests a mixed trend, with several countries experiencing declines and others maintaining marginal stability or growth. Iceland stands out for slight decline despite being a major producer of green energy.
Future trends to watch include advances in energy efficiency and renewable energy integration, which could alter consumption landscapes. Countries investing in clean technology may see reduced electricity needs, while geopolitical and economic factors will continue to influence sectoral energy dynamics. Additionally, regulatory pressures for carbon reduction policies could drive changes in consumption patterns across Europe.
Top countries in Iron and Steel Sector Final Consumption of Electricity by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23,190 | 2023 | -1.28% | -2.52% | View data |
| 2 | 2 Italy | 18,690 | 2023 | +2.49% | -0.23% | View data |
| 3 | 3 Ukraine | 14,710 | 2023 | -2.79% | -3.6% | View data |
| 4 | 4 Spain | 14,210 | 2023 | +3.54% | -1.25% | View data |
| 5 | 5 France | 12,890 | 2023 | +5.14% | -1.45% | View data |
| 6 | 6 Poland | 6,050 | 2023 | -0.28% | -2.38% | View data |
| 7 | 7 Norway | 5,030 | 2023 | -1.31% | -1.4% | View data |
| 8 | 8 Finland | 4,830 | 2023 | +1.66% | +2.38% | View data |
| 9 | 9 Sweden | 4,320 | 2023 | -0.55% | -1.28% | View data |
| 10 | 10 Belgium | 4,100 | 2023 | -0.38% | -1.76% | View data |
