The European renewables and biofuels consumption in the iron and steel sectors varies significantly by country. Norway leads with a robust consumption level of 34.18 thousand tonnes of oil equivalent, marking an 18.93% year-on-year growth. Ukraine follows with a substantial increase of 49.71%, reaching 27.8. Macedonia and France also show notable growth at 29.74% and 33.78% respectively, while Germany sees a notable surge of 68.89%. Conversely, Slovakia and Austria experience declines, alongside Lithuania, which shows the sharpest drop. Iceland shows a significant reduction of 64.33%, while countries like Croatia, Kosovo, and Serbia report stagnant growth.
Future trends to watch include:
- The continued acceleration in renewables consumption in Germany and Ukraine, driven by policy incentives and technological advancements.
- The potential recovery or further decline in countries like Austria and Slovakia, contingent upon policy shifts or economic factors.
- The sustained or growing consumption in France and Norway as they expand renewable integration.
- Monitoring the impact of EU climate policies on countries with stagnant or declining consumption, potentially influencing a turn towards increased renewable adoption.
Top countries in Renewables and Biofuels Final Consumption in Iron and Steel Sectors Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 34.18 | 2023 | +4.49% | +18.93% | View data |
| 2 | 2 Ukraine | 27.8 | 2023 | +9.25% | +49.71% | View data |
| 3 | 3 Macedonia | 14.93 | 2023 | +2.77% | +29.74% | View data |
| 4 | 4 Slovakia | 9.97 | 2023 | +3.31% | -4.1% | View data |
| 5 | 5 France | 4.33 | 2023 | +3.83% | +33.78% | View data |
| 6 | 6 Sweden | 3.3 | 2023 | +5.66% | -1.79% | View data |
| 7 | 7 Germany | 2.22 | 2023 | +18.08% | +68.89% | View data |
| 8 | 8 Austria | 0.78 | 2023 | +2.88% | -21.13% | View data |
| 9 | 9 Hungary | 0.69 | 2023 | +19.19% | +33.69% | View data |
| 10 | 10 Greece | 0.4 | 2023 | +40.48% | +41.23% | View data |
