In 2023, Sweden led European blended biodiesels consumption in the iron and steel sector with significant growth of 3.9% year-on-year, reaching 1.38 thousand tonnes of oil equivalent. France and Greece were tied in consumption, yet Greece experienced a remarkable increase of 41.23% compared to the previous year. Portugal saw a 10.98% rise, whereas Austria slightly increased by 1.86%. Finland and Norway's consumption remained static. Over the last five years, trends reveal modest growth, suggesting stable adoption of blended biodiesels.
Future trends to observe include:
- Scaling adoption of renewables in industrial applications, particularly in Sweden and Greece.
- Potential shifts in energy policy influencing biodiesel consumption, especially in countries with stagnant growth rates like Finland and Norway.
- Emergence of technological innovations aimed at increasing biodiesel efficiency within the iron and steel sectors.
Top countries in Blended Biodiesels Final Consumption in Iron and Steel Sectors by Country
| # | 7 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 1.38 | 2023 | +5.6% | +3.9% | View data |
| 2 | 2 France | 0.24 | 2023 | +9.17% | -1.83% | View data |
| 3 | 3 Greece | 0.24 | 2023 | +41.32% | +41.23% | View data |
| 4 | 4 Portugal | 0.17 | 2023 | +8.97% | +10.98% | View data |
| 5 | 5 Austria | 0.034 | 2023 | +3.03% | +1.86% | View data |
| 6 | 6 Finland | 0.004 | 2023 | 0% | View data | |
| 7 | 7 Norway | 0.003 | 2023 | 0% | View data |
