Forecast: Coke Oven Gas Final Consumption in Iron and Steel Sectors in Italy

In 2023, the actual final consumption of coke oven gas in Italy's iron and steel sector stood at 683.56 gigawatt-hours. Forecasts indicate a year-on-year decline starting with a 15.03% decrease in 2024, followed by continuous drops in the subsequent years: 14.22% in 2025, 16.45% in 2026, 19.48% in 2027, and a significant 23.98% in 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is negative, at -16.43%, indicating a significant reduction in consumption.

Trends to watch for in the future:

  • Shift towards alternative energy sources in the iron and steel sectors due to environmental policies.
  • Technological advancements that may reduce dependency on coke oven gas.
  • Potential impacts of regulatory changes on energy consumption trends.

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