In 2023, Norway led the non-ferrous metals sector's electricity consumption with the highest share, followed by Germany and Iceland. Countries like France and Spain experienced declines, while Romania and Austria exhibited slight growth. Notably, Latvia and Serbia saw significant positive variations, whereas Montenegro and Bosnia faced substantial decreases. Overall, the sector showed mixed trends across Europe, with a compound annual growth rate (CAGR) indicating stability in electricity consumption over the past five years.
Looking forward, the European non-ferrous metals sector is expected to witness shifts driven by technological advancements and energy efficiency improvements. Key trends to watch include:
- Increased investment in renewable energy sources across major consuming countries.
- A focus on sustainable production practices to reduce carbon footprints.
- Potential policy changes impacting energy pricing and sector regulations.
- Technological innovations that may enhance energy consumption efficiency.
Top countries in Non-Ferrous Metals Sector Final Consumption of Electricity Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 22.96 | 2023 | +0.57% | +1.65% | View data |
| 2 | 2 Germany | 14.25 | 2023 | -1.3% | -1.58% | View data |
| 3 | 3 Iceland | 12.81 | 2023 | +0.24% | -0.63% | View data |
| 4 | 4 France | 7.74 | 2023 | -2.07% | -0.18% | View data |
| 5 | 5 Spain | 6.93 | 2023 | +0.68% | -4.94% | View data |
| 6 | 6 Greece | 3.54 | 2023 | -4.4% | -5.73% | View data |
| 7 | 7 Romania | 3.54 | 2023 | +4.66% | +0.77% | View data |
| 8 | 8 United Kingdom | 3.25 | 2023 | -4.17% | -4.04% | View data |
| 9 | 9 Sweden | 2.8 | 2023 | +0.0078% | -0.96% | View data |
| 10 | 10 Slovakia | 2.59 | 2023 | +2.82% | +0.96% | View data |
