The Iron and Steel Sector's final consumption of anthracite in Spain exhibited significant variations from 2013 to 2023. The series began at 100.0 thousand metric tons in 2013 and demonstrated a notable decline until 2020, marked by a significant reduction such as -20% in 2015 and -25% in 2016. A recovery started in 2017 with a 33.33% increase, although subsequent years showed fluctuating trends. In 2023, the consumption stood at 77.0 thousand metric tons, a 6.94% increase from 2022.
Over the last five years, the Compound Annual Growth Rate (CAGR) was 1.92%. The forecast suggests a steady upward trend with a 2.18% CAGR over the next five years, projecting an 11.39% growth rate by 2028.
Future trends to watch for:
- Technological advancements in the steel industry that could further optimize anthracite consumption.
- Environmental regulations impacting the demand for anthracite.
- Global market conditions affecting supply chains and prices of anthracite.
- Shifts towards alternative energy sources or materials in steel production.