In 2023, Norway led the European electricity consumption in the non-ferrous metal sector, with significant consumption in Thousand Terajoules, followed by Germany and Iceland. Norway's consumption increased slightly, while Germany and Iceland saw minor decreases. Serbia and Latvia registered notable consumption growth, whereas Montenegro faced a sharp decline. Among major countries, Spain and the UK experienced declines over 4%. On an annual average over the last five years, some countries like Croatia and Austria showed consistent growth trends, while others like Bosnia and Herzegovina witnessed a contraction.
Future trends to watch include the impact of energy transition policies across Europe, which could promote a shift towards more energy-efficient practices and renewable energy adoption. Another trend is the influence of economic recovery post-2023, as it can drive demand and consumption in the sector. Monitoring fluctuations in global metal prices and production could also be crucial, given their potential impact on energy consumption patterns.
Top countries in Electricity Final Consumption in Non-Ferrous Metal Sector by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 84,600 | 2023 | +0.57% | +1.65% | View data |
| 2 | 2 Germany | 52,490 | 2023 | -1.3% | -1.58% | View data |
| 3 | 3 Iceland | 47,180 | 2023 | +0.24% | -0.63% | View data |
| 4 | 4 France | 28,520 | 2023 | -2.07% | -0.18% | View data |
| 5 | 5 Spain | 25,530 | 2023 | +0.68% | -4.94% | View data |
| 6 | 6 Greece | 13,050 | 2023 | -4.4% | -5.73% | View data |
| 7 | 7 Romania | 13,030 | 2023 | +4.66% | +0.77% | View data |
| 8 | 8 United Kingdom | 11,970 | 2023 | -4.17% | -4.04% | View data |
| 9 | 9 Sweden | 10,300 | 2023 | +0.0078% | -0.96% | View data |
| 10 | 10 Slovakia | 9,550 | 2023 | +2.82% | +0.96% | View data |
