The analysis of European natural gas consumption in the iron and steel sectors shows diverse trends across countries. In 2023, Germany led with the highest share, while Eastern and Northern European countries like Lithuania and Moldova had minimal usage. Notable declines were observed in Romania and Lithuania, while Finland and Bosnia saw substantial increases. The UK experienced a significant drop of 7.22%. Consistently, most Western European countries showed a contraction in consumption due to efficiency improvements and alternative energy adoption.
Future trends to watch include the impact of EU green policies promoting carbon-neutral methods, affecting natural gas demand. Increased investments in renewable energy sources in countries like Germany and France are expected to further reduce reliance on natural gas. Conversely, geopolitical developments could alter the energy supply landscape, thereby influencing consumption patterns in regions like Eastern Europe.
Top countries in Natural Gas Final Consumption in Iron and Steel Sectors Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.91 | 2023 | -0.58% | -1.78% | View data |
| 2 | 2 Ukraine | 16.35 | 2023 | +0.0064% | +0.55% | View data |
| 3 | 3 Italy | 12.39 | 2023 | -1.12% | -3.08% | View data |
| 4 | 4 Spain | 7.61 | 2023 | +4.75% | +1.78% | View data |
| 5 | 5 France | 6.52 | 2023 | +6.22% | -3.68% | View data |
| 6 | 6 Poland | 6.01 | 2023 | -0.78% | -2.27% | View data |
| 7 | 7 Belgium | 5.22 | 2023 | -0.35% | -2.13% | View data |
| 8 | 8 Austria | 4.37 | 2023 | +2.15% | -1.78% | View data |
| 9 | 9 Netherlands | 2.9 | 2023 | -0.075% | +1.88% | View data |
| 10 | 10 United Kingdom | 2.41 | 2023 | -9.14% | -7.22% | View data |
