In 2023, fuel oil consumption in the European iron and steel sector varied across countries, with Italy leading at 530.81 GWh. Spain followed with 450.83 GWh, while Macedonia consumed 229.25 GWh. Sweden, despite consuming 164.54 GWh, saw a significant decline of 15.08%. The UK and Belgium reported sharp decreases of 12.04% and 10.78%, respectively. Austria's consumption increased by 4.18%, unlike Greece and France, which only recorded about 2.27 GWh.
Future trends to watch include potential shifts towards more sustainable energy sources in the sector, impacting fuel oil demand. Regional macroeconomic factors and industry innovation could further influence future consumption patterns.
Top countries in Fuel Oil Final Consumption in Iron and Steel Sectors by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 530.81 | 2023 | +0.76% | -2.78% | View data |
| 2 | 2 Spain | 450.83 | 2023 | +6.34% | -1.1% | View data |
| 3 | 3 Macedonia | 229.25 | 2023 | -9.41% | -2.01% | View data |
| 4 | 4 Sweden | 164.54 | 2023 | -20.31% | -15.08% | View data |
| 5 | 5 United Kingdom | 49.08 | 2023 | -13.53% | -12.04% | View data |
| 6 | 6 Belgium | 10.05 | 2023 | -13.51% | -10.78% | View data |
| 7 | 7 Austria | 8.7 | 2023 | -38.99% | +4.18% | View data |
| 8 | 8 Slovakia | 4.09 | 2023 | +0.024% | View data | |
| 9 | 9 Greece | 2.27 | 2023 | -26.16% | -12.09% | View data |
| 10 | 10 France | 2.27 | 2021 | -13.54% | -27.23% | View data |
