The coking coal gross inland consumption in Germany is projected to decline steadily from 2024 to 2028. This downward trend reflects a year-on-year decrease in consumption: 10.7% from 2024 to 2025, 11.96% from 2025 to 2026, 13.4% from 2026 to 2027, and 15.23% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) for this period, which highlights the average annual change, demonstrates a significant reduction.
In 2023, the actual consumption was higher than the forecasted figures for 2024 onwards, indicating a strong shift in Germany's energy consumption patterns moving forward.
Future trends to watch include:
- Continued emphasis on renewable energy sources might further impact coking coal demand.
- Regulatory changes aimed at reducing carbon emissions could accelerate this decline.
- Technological advancements in energy efficiency could further decrease reliance on coking coal.