In 2023, the final consumption of fuel oil in the UK's iron and steel sectors was at XX gigawatt-hours (the actual value for 2023 was not provided, but it is crucial for establishing a baseline). Forecasts indicate a significant year-on-year decline in consumption: 2024 at 40.42 GWh, 2025 at 32.27 GWh, 2026 at 24.28 GWh, 2027 at 16.45 GWh, and 2028 at 8.78 GWh. This trend represents a consistent reduction over time, with a sharp decline noticed specifically between each forecasted year. The compound annual growth rate over the forecasted period highlights an average decline, indicating a substantial shift away from fuel oil usage in these sectors.

Future trends to watch for:

Transition to alternative energy sources, as sectors seek sustainability.
Government policies and regulations on emissions impacting fuel oil usage.
Technological advancements that might accelerate the reduction in consumption or the development of cleaner production processes.