The 2023 data reveals that Ukraine leads the European Iron and Steel Sector in heat consumption, notably at 48.75 thousand terajoules, but sees a slight decline annually. Italy shows significant growth with a 15.04% increase compared to 2022. Finland, the Czech Republic, and France also experience growth in consumption. Other notable decreasing trends include Poland, Serbia, and Latvia, each demonstrating declines. Over the last five years, trends exhibit varying CAGR implications, with Macedonia showing an intriguing upward trend.
Future trends to watch include the impact of green energy initiatives and technological advances, which may affect heat consumption efficiency. Additionally, geopolitical factors and energy policy changes will likely influence the sector's consumption patterns. Monitoring Italy's trajectory and Ukraine's responses to energy-efficiency demands will be crucial.
Top countries in Iron and Steel Sector Final Consumption of Heat by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 48,750 | 2023 | +0.0082% | -1.41% | View data |
| 2 | 2 Italy | 7,580 | 2023 | +9.6% | +15.04% | View data |
| 3 | 3 Finland | 3,910 | 2023 | +2.78% | +1.41% | View data |
| 4 | 4 Poland | 3,580 | 2023 | +4.48% | -1.37% | View data |
| 5 | 5 Czech Republic | 3,510 | 2023 | +8.92% | +3.66% | View data |
| 6 | 6 Serbia | 2,840 | 2023 | +7.19% | -2.09% | View data |
| 7 | 7 Germany | 1,410 | 2023 | -0.92% | +0.4% | View data |
| 8 | 8 Hungary | 1,160 | 2023 | +1.85% | -0.88% | View data |
| 9 | 9 Sweden | 989 | 2023 | +2.59% | View data | |
| 10 | 10 France | 606.8 | 2023 | +2.43% | +9.54% | View data |
