In 2023, Germany led the European electricity consumption in the Iron and Steel sectors with 2.04 Mtoe, despite a slight year-on-year decrease. Italy and Ukraine followed, but Ukraine saw a significant decline of 3.64%. Nordic countries like Finland witnessed positive growth, with Serbia, Kosovo, and Albania also seeing increases. The UK and some Eastern European nations such as Montenegro and Latvia experienced notable reductions.
Future trends to watch include potential technological advancements to enhance energy efficiency and the impact of regulatory changes on consumption patterns across these sectors in Europe, aiming for carbon neutrality and sustainable development goals.
Top countries in Electricity Final Consumption in Iron and Steel Sectors by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,040 | 2023 | -0.19% | -2.04% | View data |
| 2 | 2 Italy | 1,610 | 2023 | +2.48% | -0.23% | View data |
| 3 | 3 Ukraine | 1,260 | 2023 | -2.84% | -3.64% | View data |
| 4 | 4 Spain | 1,220 | 2023 | +3.43% | -1.36% | View data |
| 5 | 5 France | 1,100 | 2023 | +4.66% | -1.64% | View data |
| 6 | 6 Poland | 515.3 | 2023 | -0.37% | -2.57% | View data |
| 7 | 7 Norway | 441.57 | 2023 | -0.45% | -0.98% | View data |
| 8 | 8 Finland | 417.99 | 2023 | +1.77% | +2.45% | View data |
| 9 | 9 Sweden | 378.76 | 2023 | -0.11% | -0.87% | View data |
| 10 | 10 Belgium | 353.66 | 2023 | -0.3% | -1.69% | View data |
