The European blast furnace gas consumption in the iron and steel sectors for 2023 shows Germany as the largest consumer with 37.16 thousand tonnes of oil equivalent, followed by Ukraine with 32.13. Germany saw a significant decline of 5.74% compared to the previous year, while Ukraine remained stable. Notable declines were also observed in Spain and Poland, with Spain decreasing by 8.5% and Poland by 3.49%. On the other hand, Belgium increased its consumption by 3.45%, and Austria showed a strong growth of 6.77%. Norway’s consumption rose by 5.01%, standing out in the Nordic region.
Future trends to watch include:
- Potential shifts in consumption patterns driven by evolving energy policies and sustainability goals in the European Union.
- The impact of geopolitical factors in Eastern Europe, affecting Ukraine's contribution and possibly leading to a demand reshuffle among neighboring countries.
- Technological advancements in blast furnace efficiency, which could influence consumption rates in countries aiming to optimize their industrial processes.
Top countries in Blast Furnace Gas 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 Germany | 37.16 | 2023 | +0.61% | -5.74% | View data |
| 2 | 2 Ukraine | 32.13 | 2023 | -0.047% | +0.059% | View data |
| 3 | 3 Poland | 5.98 | 2023 | -2.32% | -3.49% | View data |
| 4 | 4 Slovakia | 4.79 | 2023 | +0.2% | -2.54% | View data |
| 5 | 5 Romania | 4.26 | 2023 | -1.8% | -0.44% | View data |
| 6 | 6 Bosnia and Herzegovina | 3.52 | 2023 | +21.19% | +1.68% | View data |
| 7 | 7 Czech Republic | 3.11 | 2023 | -5.58% | -3.72% | View data |
| 8 | 8 Sweden | 2.48 | 2023 | +1.41% | -0.88% | View data |
| 9 | 9 Netherlands | 2.1 | 2023 | +0.062% | -0.045% | View data |
| 10 | 10 Norway | 1.64 | 2023 | +2.24% | +5.01% | View data |
