The forecast for coke oven coke consumption in the iron and steel sectors in Italy indicates a declining trend from 2024 to 2028. In 2023, the actual consumption was approximately the value forecasted for 2024, which is 13.59 thousand terajoules. The annual consumption is expected to decrease by an average of 6.0% year-on-year, leading to a compound annual growth rate (CAGR) of approximately -5.9% over the 5-year forecast period. This highlights a continuous decline in demand.
Future trends to watch for include:
- The impact of the European Union’s sustainability goals and carbon emission regulations on coal-based products.
- Technological advancements and shifts towards cleaner energy sources in steel manufacturing.
- The economic performance of Italy's iron and steel industry in response to global market forces.
