In 2023, Germany's inland consumption of coking coal stood at a calculated 10.2 million metric tons. The forecast from 2024 to 2028 suggests a consistent decline, from 9.4 million metric tons in 2024 to 6.37 million metric tons in 2028. This indicates a year-on-year decrease, with a notable contraction in demand. Calculating the Compound Annual Growth Rate (CAGR) from 2024 to 2028 reflects an average annual decrease.
Future trends to watch for:
- Potential shifts in Germany's energy policy and industrial strategies that may further impact coal consumption.
- Technological advancements in steelmaking that may reduce reliance on coking coal.
- Increasing regulatory pressures towards sustainable energy sources.
- Possible changes in the global coking coal market influencing prices and availability.