The forecast for fuel oil consumption in Italy's iron and steel sectors shows a steady downward trend from 2024 to 2028. Beginning at 523.21 Gigawatthours in 2024, consumption is projected to decline gradually each year, reaching 493.85 Gigawatthours by 2028. This represents a cumulative decrease over the period. As of 2023, the actual consumption stood at comparable levels to the 2024 forecast, illustrating modest fluctuations over these years.
Key Points:
- 2024 to 2025: A decrease of approximately 1.43% year-on-year.
- 2025 to 2026: A further decline of around 1.43%.
- 2026 to 2027: A reduction of about 1.43%.
- 2027 to 2028: A decrease nearing 1.44%.
- Average annual change (CAGR) from 2024 to 2028 is approximately -1.44%.
Future trends to watch for include technological advancements that could lead to increased energy efficiency, shifts in energy policies, and adoption of alternative fuels, which might alter consumption patterns in the iron and steel sectors.
