The European fuel oil final consumption in the iron and steel sectors displays varied trends across countries as of 2023. Italy and Spain lead with consumption values of 1.9 and 1.61 thousand terajoules, respectively. Other countries like Macedonia and Sweden follow, albeit with significant year-on-year contractions of 1.21% and 16.07%. Contrarily, Austria is experiencing growth, marking a 4.59% increase. The United Kingdom and Belgium witness notable decreases of 12.04% and 9.27%, respectively. These rates suggest divergent consumption patterns with potential impacts on each country's industrial strategies.
Looking forward to 2024 and beyond, the focus should be on how countries adapt to energy transitions and decarbonization efforts in the iron and steel sector. Watch for technological advancements influencing fuel efficiency and renewable energy integration, which could shift consumption patterns significantly in the coming years. Additionally, regulatory changes and environmental policies will play crucial roles in shaping sector dynamics across Europe.
Top countries in Fuel Oil Final Consumption in Iron and Steel Sectors by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,900 | 2023 | +0.62% | -2.91% | View data |
| 2 | 2 Spain | 1,610 | 2023 | +3.73% | -2.82% | View data |
| 3 | 3 Macedonia | 859.69 | 2023 | -7.28% | -1.21% | View data |
| 4 | 4 Sweden | 558.26 | 2023 | -22.97% | -16.07% | View data |
| 5 | 5 United Kingdom | 176.68 | 2023 | -13.53% | -12.04% | View data |
| 6 | 6 Belgium | 39.34 | 2023 | -9.67% | -9.27% | View data |
| 7 | 7 Austria | 31.93 | 2023 | -38.46% | +4.59% | View data |
| 8 | 8 Slovakia | 15.1 | 2023 | 0% | View data | |
| 9 | 9 Greece | 14.6 | 2021 | -2.93% | -18.26% | View data |
| 10 | 10 France | 8.16 | 2021 | -13.56% | -27.23% | View data |
