The European Iron and Steel sector shows varied trends in solid fossil fuel consumption. Ukraine leads with a significant consumption but saw a decline of 2.97% in 2023. Germany, though second, decreased by 1.02%. Bosnia and Herzegovina and Kosovo exhibited substantial growth with 63.71% and 26.55% increases, respectively. Italy and the UK faced notable declines. Over the past five years, moderate to low growth rates have been common, with countries like Austria and Macedonia seeing increases and others like Hungary experiencing declines.
Looking ahead, focus on sustainability and environmental regulations may drive further reductions, promoting cleaner energy sources across the region. Variations can be anticipated based on policy shifts, technological advances, and market demands.
Top countries in Iron and Steel Sector Final Consumption of Solid Fossil Fuels by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 3,720 | 2023 | -4.06% | -2.97% | View data |
| 2 | 2 Germany | 1,090 | 2023 | +3.19% | -1.02% | View data |
| 3 | 3 Romania | 898.56 | 2023 | +0.86% | +2.06% | View data |
| 4 | 4 Italy | 466.84 | 2023 | -1.77% | -5.05% | View data |
| 5 | 5 Czech Republic | 427.04 | 2023 | +1.21% | +0.79% | View data |
| 6 | 6 Slovakia | 354 | 2023 | +1.72% | -2.12% | View data |
| 7 | 7 Norway | 297.15 | 2023 | +0.079% | +2.58% | View data |
| 8 | 8 Bosnia and Herzegovina | 245.14 | 2023 | +27.15% | +63.71% | View data |
| 9 | 9 Austria | 236.19 | 2023 | -0.0055% | +7.23% | View data |
| 10 | 10 Netherlands | 217.6 | 2023 | +5.47% | +0.51% | View data |
