In 2023, Germany led the European Iron and Steel Sector's final consumption of blast furnace gas with a substantial share of 43.41 terajoules, experiencing a year-on-year decline of 6.02%. Ukraine followed with 23.42 terajoules, marking a 9.21% drop. Poland and Slovakia also observed reductions of 2.05% and 2.35% respectively. Minor positive growth was seen in Norway (up by 4.51%), Austria (increased by 5.25%), and Bosnia and Herzegovina (up by 0.86%). In contrast, Belgium and Spain faced significant contractions of 10.25% and 9.31% respectively. Overall, the sector exhibited mixed performance across the region.
Looking ahead, future trends worth observing include the increasing emphasis on sustainable practices and green energy solutions. Countries might focus on reducing carbon emissions, which would affect the demand for blast furnace gas. Furthermore, geopolitical factors and economic challenges could shape the production and consumption patterns, potentially instigating shifts in regional dominance or encouraging technological advancements to improve energy efficiency.
Top countries in Iron and Steel Sector Final Consumption of Blast Furnace Gas Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.41 | 2023 | +0.54% | -6.02% | View data |
| 2 | 2 Ukraine | 23.42 | 2023 | -15.95% | -9.21% | View data |
| 3 | 3 Poland | 7.62 | 2023 | +0.0028% | -2.05% | View data |
| 4 | 4 Slovakia | 5.74 | 2023 | +0.29% | -2.35% | View data |
| 5 | 5 Czech Republic | 4.16 | 2023 | -1.74% | -1.66% | View data |
| 6 | 6 Bosnia and Herzegovina | 4.01 | 2023 | +19.92% | +0.86% | View data |
| 7 | 7 Romania | 3.63 | 2023 | -18.08% | -6.79% | View data |
| 8 | 8 Sweden | 2.86 | 2023 | +1% | -1.42% | View data |
| 9 | 9 Netherlands | 2.53 | 2023 | +0.35% | +0.26% | View data |
| 10 | 10 Norway | 1.9 | 2023 | +1.08% | +4.51% | View data |
