The gross inland consumption of petroleum coke in Italy is expected to decrease steadily from 2024 to 2028. Starting at 864.94 thousand tonnes of oil equivalent in 2024, it is projected to decline to 803.08 thousand tonnes by 2028. This reflects a negative year-on-year percentage change that highlights a consistent downward trend. The compound annual growth rate (CAGR) over this period can give insights into the average yearly decrease, indicating a gradual yet persistent reduction in consumption.
Future trends to watch for:
- The impact of Italy's energy transition policies and regulations aimed at reducing carbon emissions may accelerate the decline in petroleum coke consumption.
- Technological advancements in alternative energy sources could further diminish the reliance on petroleum coke.
- Economic factors and shifts in industrial demand may influence future consumption levels.