In 2023, Ukraine led solid fossil fuel consumption in the European iron and steel sector, followed by Germany and Romania. Norway showed notable growth at 2.64%, while France experienced a stable increase of 2.71%. In contrast, significant reductions were seen in Poland and Croatia, decreasing by 27.32% and 38.2%, respectively. Austria's consumption rose by 7.76%, suggesting a notable shift. Bosnia and Herzegovina saw the highest increase at 41.52%. Other countries such as Italy, United Kingdom, and Hungary exhibited considerable declines.
Future trends to watch in European solid fossil fuel consumption include the potential impact of green steel initiatives and decarbonization efforts. As sustainability becomes a focus, we might witness a gradual shift towards less fossil fuel reliance, prompting changes in consumption patterns across nations. Additionally, geopolitical factors and economic conditions also play a critical role, influencing future consumption trajectories.
Top countries in Solid Fossil Fuels Final Consumption in Iron and Steel Sectors Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 42.09 | 2023 | -1.93% | -1.8% | View data |
| 2 | 2 Germany | 13.29 | 2023 | +2.77% | -0.26% | View data |
| 3 | 3 Romania | 9.82 | 2023 | +0.61% | +1.9% | View data |
| 4 | 4 Czech Republic | 5.18 | 2023 | -3.28% | -1.4% | View data |
| 5 | 5 Italy | 4.81 | 2023 | -3.25% | -8.63% | View data |
| 6 | 6 Slovakia | 3.91 | 2023 | +1.54% | -2.43% | View data |
| 7 | 7 Norway | 3.68 | 2023 | +0.087% | +2.64% | View data |
| 8 | 8 Austria | 2.95 | 2023 | -0.0056% | +7.76% | View data |
| 9 | 9 Netherlands | 2.71 | 2023 | +5.41% | +0.48% | View data |
| 10 | 10 United Kingdom | 2.44 | 2023 | -12.13% | -8.96% | View data |
