The European natural gas consumption in the iron and steel sector varies significantly by country, with Germany leading at 22.33 thousand tonnes of oil equivalent as of 2023. Year-on-year variations reveal notable trends: Finland and Bosnia and Herzegovina showed the largest increases at approximately 21.76% and 21.93%, respectively, whereas Lithuania faced a dramatic decrease of 28.56%. Countries like Italy, France, and the UK saw declines in their consumption, while smaller markets such as Portugal and Greece demonstrated growth. The average CAGR over five years shows shifts in usage reflecting broader energy transitions and efficiency improvements.
Future trends to watch include shifts towards greener technologies, potential reduction in natural gas dependency due to renewable energy adoption, and geopolitical influences affecting energy supply and pricing.
Top countries in Natural Gas Final Consumption in Iron and Steel Sectors Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.33 | 2023 | -0.45% | -1.68% | View data |
| 2 | 2 Ukraine | 17.36 | 2023 | +2.86% | +2.38% | View data |
| 3 | 3 Italy | 11.92 | 2023 | -1.44% | -3.24% | View data |
| 4 | 4 Spain | 6.96 | 2023 | +0.55% | +0.08% | View data |
| 5 | 5 Poland | 6.72 | 2023 | +4.84% | +0.55% | View data |
| 6 | 6 France | 6.02 | 2023 | +3.62% | -4.62% | View data |
| 7 | 7 Belgium | 5.09 | 2023 | -1.62% | -2.01% | View data |
| 8 | 8 Austria | 4.12 | 2023 | +0.76% | -2.34% | View data |
| 9 | 9 Netherlands | 2.81 | 2023 | -0.18% | +1.83% | View data |
| 10 | 10 United Kingdom | 2.33 | 2023 | -9.14% | -7.22% | View data |
