The 2024 forecast for European electricity consumption in the iron and steel sector places Germany as the largest consumer, followed by Italy and Ukraine. Germany experienced a notable decline of 2.52%, while Italy's consumption remained relatively stable. Ukraine saw a significant drop of 3.6%. France and Spain posted declines around the 1% mark. Conversely, Finland marked a rise of 2.38%, while Serbia increased by 2.76%. Smaller countries like Estonia, Cyprus, Moldova, and Malta demonstrated robust year-on-year growth rates.
Future trends to watch in this sector include potential shifts resulting from increased adoption of renewable energy resources and technological advancements in energy efficiency. Additionally, geopolitical influences could significantly impact consumption patterns, especially in countries relying heavily on imported energy. Balancing environmental policies with industrial demands will be critical in forecasting future consumption trends.
Top countries in Electricity Final Consumption in Iron and Steel Sectors Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.33 | 2023 | -1.28% | -2.52% | View data |
| 2 | 2 Italy | 13.97 | 2023 | +2.49% | -0.23% | View data |
| 3 | 3 Ukraine | 10.99 | 2023 | -2.79% | -3.6% | View data |
| 4 | 4 Spain | 10.62 | 2023 | +3.54% | -1.25% | View data |
| 5 | 5 France | 9.63 | 2023 | +5.14% | -1.45% | View data |
| 6 | 6 Poland | 4.52 | 2023 | -0.28% | -2.38% | View data |
| 7 | 7 Norway | 3.76 | 2023 | -1.24% | -1.36% | View data |
| 8 | 8 Finland | 3.61 | 2023 | +1.66% | +2.38% | View data |
| 9 | 9 Sweden | 3.23 | 2023 | -0.55% | -1.28% | View data |
| 10 | 10 Belgium | 3.06 | 2023 | -0.38% | -1.76% | View data |
