In 2023, Norway led the European renewables and biofuels consumption in the iron and steel sector, followed by Ukraine and Macedonia. Norway experienced a significant year-on-year increase of 18.93%. Germany showed remarkable growth with a 69.09% increase. Conversely, Slovakia and Austria faced declines at -4.14% and -21.14%, respectively, while Iceland witnessed a sharp fall of -62.6%. Overall, countries like France, Hungary, and Romania saw notable improvements, whereas Poland and Lithuania experienced declines. The current consumption patterns indicate a growing shift towards renewable energy in the European iron and steel sectors.
Looking ahead, Europe's renewables and biofuels consumption in the iron and steel sector is expected to increase, driven by policy shifts toward sustainability and decarbonization goals. Countries leading in growth, like Germany, may continue pushing innovative technologies, while lagging nations might enhance their renewable investments. Monitoring policy changes and technological investments will be crucial for understanding future consumption trends.
Top countries in Renewables and Biofuels Final Consumption in Iron and Steel Sectors Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 34.27 | 2023 | +4.49% | +18.93% | View data |
| 2 | 2 Ukraine | 27.87 | 2023 | +9.25% | +49.7% | View data |
| 3 | 3 Macedonia | 14.97 | 2023 | +2.75% | +29.73% | View data |
| 4 | 4 Slovakia | 10 | 2023 | +3.31% | -4.14% | View data |
| 5 | 5 France | 4.04 | 2023 | -0.0036% | +31.84% | View data |
| 6 | 6 Sweden | 3.3 | 2023 | +5.63% | -1.81% | View data |
| 7 | 7 Germany | 2.21 | 2023 | +18.08% | +69.09% | View data |
| 8 | 8 Austria | 0.78 | 2023 | +2.7% | -21.14% | View data |
| 9 | 9 Hungary | 0.69 | 2023 | +19.33% | +33.88% | View data |
| 10 | 10 Greece | 0.4 | 2023 | +41% | +41.12% | View data |
