Forecast: Petroleum Coke Final Consumption in Iron and Steel Sectors in Germany

The petroleum coke consumption in Germany's iron and steel sectors is on a modest upward trajectory from 2024 to 2028. The consumption is projected to increase from 3.79 thousand tonnes of oil equivalent in 2024 to 3.94 in 2028. In 2023, the consumption was at 3.75, which indicates a gradual growth year-on-year with variation percentages around the region of 1-2%. The compound annual growth rate (CAGR) over this period demonstrates stability and slow-paced growth.

Future trends to watch for include:

  • Shifts in Germany's energy policy towards renewables may impact fossil fuel consumption.
  • Technological advances in steel production could alter petroleum coke usage.
  • Global economic conditions influencing the demand in the iron and steel sectors.

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