Forecast: Iron and Steel Sector Final Consumption of Primary Solid Biofuels in Germany

In 2023, the Iron and Steel sector's final consumption of primary solid biofuels in Germany was approximately 44 Terajoules. The forecast starting from 2024 suggests a steady growth, reaching 48 Terajoules by 2028. The year-on-year percentage changes indicate minimal fluctuations, with an average annual growth rate (CAGR) of around 1.67% over the five years. This suggests a gradual but consistent increase in the use of biofuels in this sector.

Future trends to watch for:

  • Technological advancements in biomass conversion could further increase biofuel usage.
  • Policy changes and environmental regulations could impact biofuel consumption patterns.
  • Global market dynamics and energy prices might influence future trends.

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