The forecast for solid fossil fuels final consumption in Italy's iron and steel sectors shows a declining trajectory from 2024 to 2028, indicating a steady reduction from 2.69 thousand GWh in 2024 to 1.33 thousand GWh by 2028. This represents substantial year-on-year reductions, with significant percentage decreases annually: approximately 13% from 2024 to 2025, 14.5% from 2025 to 2026, 17% from 2026 to 2027, and 19.9% from 2027 to 2028. The compound annual growth rate (CAGR) across these years underlines a consistent downtrend, averaging negative growth over this period.
Future trends to watch for:
- Increased regulatory pressures on emissions could further influence fuel mix shifts.
- Technological advancements and renewable energy integration may accelerate fossil fuel reduction.
- Market dynamics and global steel demand may impact consumption levels.