Norway leads among European countries in renewables and biofuels consumption in the iron and steel sectors with a 20.32 thousand tonnes of oil equivalent in 2024, up from 18.93 in 2023. Ukraine, Macedonia, and Germany show significant year-on-year increases of 49.71%, 29.74%, and 68.89% respectively, while countries like Slovakia, Austria, and Iceland experienced declines. The segment grew substantially over the past five years, with France and Romania showing robust growth in 2023 and 2024.
Future trends to watch include advancements in technology and infrastructure focusing on green steel production, with potential policy influences pushing further adoption of renewables. Monitoring the regulatory environment and investment in renewable energy will be critical as sustainability becomes more integral to the industry.
Top countries in Renewables and Biofuels Final Consumption in Iron and Steel Sectors by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 20.32 | 2023 | +4.49% | +18.93% | View data |
| 2 | 2 Ukraine | 16.52 | 2023 | +9.25% | +49.71% | View data |
| 3 | 3 Macedonia | 8.88 | 2023 | +2.77% | +29.74% | View data |
| 4 | 4 Slovakia | 5.93 | 2023 | +3.31% | -4.1% | View data |
| 5 | 5 France | 2.58 | 2023 | +3.83% | +33.78% | View data |
| 6 | 6 Sweden | 1.96 | 2023 | +5.66% | -1.79% | View data |
| 7 | 7 Germany | 1.32 | 2023 | +18.08% | +68.89% | View data |
| 8 | 8 Austria | 0.47 | 2023 | +2.88% | -21.13% | View data |
| 9 | 9 Hungary | 0.41 | 2023 | +19.19% | +33.69% | View data |
| 10 | 10 Greece | 0.24 | 2023 | +40.48% | +41.23% | View data |
