Germany's forecast for coke oven coke gross inland consumption indicates a drastic decline from 2024 to 2028. Starting at 407.99 thousand tonnes of oil equivalent in 2024, the consumption steadily decreases, reaching a negative value of -73.79 thousand tonnes by 2028. This reflects a substantial year-on-year contraction, suggesting reduced demand or a shift towards alternative energy sources, considering the consumption stood at approximately 600 thousand tonnes in 2023.
Over the five-year period, the compound annual growth rate (CAGR) demonstrates a significant downward trend, emphasizing a continual decline. Industries reliant on coke are expected to transition if these forecasts reflect extended developments.
Future trends to watch:
- A shift to renewable energy sources could intensify the downward trend.
- Technological advancements in alternative processes minimizing coke dependence in industrial applications.
- Policy reforms and environmental regulations potentially accelerating the decline.