In 2023, the bioenergy final consumption in the German iron and steel sectors was notably below 200 thousand tonnes of oil equivalent. Forecasts for 2024 to 2028 show a steady increase, with consumption rising to 212.56 thousand tonnes by 2028. Year-on-year growth indicates a consistent upward trajectory with modest percentage increases each year. The five-year compound annual growth rate (CAGR) underscores a stable, progressive rise, averaging growth annually.
Future trends to watch for include:
- Technological advancements in bioenergy efficiency.
- Policy changes impacting energy consumption in industrial sectors.
- Market shifts towards renewable energy sources.
- Increased investment in sustainable energy infrastructure.
