The consumption of Blast Furnace Gas in Germany, expressed in thousand Terajoules, shows a steady declining trend from 2023 onwards. The actual data was higher by 2 percent when compared to the forecast for 2024. The year-on-year forecast shows a constant decrease of approximately 1.8 percent over the period up to 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period suggests a consistent downward trend averaging around 1.8 percent annually.
Future trends to watch for:
- Potential shifts in industrial energy policies towards more renewable sources might accelerate the decline.
- Any technological advances in energy efficiency within industries relying on blast furnace gas could further reduce consumption.
- Macroeconomic factors and policy frameworks within the European Union that impact industrial energy use and emissions could significantly influence this trend.