In 2023, the natural gas consumption in the iron and steel sectors in Germany stood at slightly higher than the 2024 forecast of 2.03 million tonnes of oil equivalent. The consumption is projected to decline marginally by year-on-year variations of around 0.5% annually from 2024 to 2028. The last five-year period shows a consistent decrease with a compound annual growth rate (CAGR) of -0.5%.
Future trends to watch for include:
- Potential shifts to alternative energy sources as the industry seeks to reduce carbon emissions.
- Technological advancements in energy efficiency that may affect consumption patterns.
- Regulatory impacts stemming from Germany's climate policy objectives.
