The forecast for gas oil and diesel oil consumption in Italy's iron and steel sector indicates a modest upward trend, moving from 16.54 thousand tonnes of oil equivalent in 2024 to 17.14 in 2028. Compared to 2023, this denotes a continuation of consumption patterns with a generally consistent rise. The year-on-year growth varies gently, showing a steady demand. Over this five-year period, the compound annual growth rate (CAGR) suggests a less than 1% annual increase, indicating stable but slow growth in this sector's energy use.
Future trends to consider include:
- Potential regulatory changes impacting fuel usage in industrial sectors.
- Advancements in energy efficiency technologies that might curb oil consumption.
- A potential shift toward alternative energy sources impacting traditional oil use.