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.