The forecast for petroleum coke final consumption in the industry in Germany indicates a significant decline from 2024 through 2028. In 2024, the consumption is expected to be 56.99 thousand tonnes of oil equivalent, following an almost linear decrease each year, arriving at 12.56 thousand tonnes by 2028. When comparing year-on-year data, the industry is expected to see a sharp reduction in consumption annually. A notable average compound annual growth rate reflects a consistent downtrend, highlighting a significant shift away from petroleum coke usage.
Future trends to watch include:
- The increasing influence of regulatory and environmental policies aimed at reducing carbon emissions, which could further drive the decline in petroleum coke consumption.
- Advancements in alternative energy sources and more efficient industrial processes may accelerate the transition away from traditional fossil fuels.
- Economic factors or geopolitical events may influence the pace and magnitude of these changes.
