In 2023, the calculated inland consumption of blast furnace gas in Germany was observed at 138.5 thousand terajoules. From 2024 onward, forecasts suggest a steady decline in consumption, with a decrease of approximately 0.91% year-on-year, peaking at 137.22 in 2024 and tapering to 132.29 by 2028. This represents a compound annual growth rate (CAGR) of about -1.10% over the five-year period. This downward trend highlights a gradual reduction in the reliance on blast furnace gas, potentially indicating shifts towards alternative energy sources or efficiency improvements.
Future trends to watch for:
- Potential shifts in industrial energy policies favoring greener alternatives.
- Technological advancements improving energy efficiency in steel production.
- Economic factors influencing the steel industry's output and energy consumption patterns.