The consumption of hard coal in Sweden's iron and steel sector has experienced significant fluctuations from 2013 to 2023. Notable declines were observed in 2014 and 2015, with year-on-year decreases of 23.53% and 15.38%, respectively. However, consumption rebounded in 2016 with a 54.55% increase and continued to grow until 2018. The year 2020 saw a substantial drop of 41.18%, followed by a gradual recovery in 2021. By 2022, consumption surged again by 81.82%. In 2023, it stood at 22 thousand metric tons, a 10% increase from the previous year. The compound average growth rate (CAGR) over the last five years was 0.93%.
Looking ahead, the forecast for hard coal consumption remains stable at 22 thousand metric tons annually from 2024 to 2028, indicating no expected growth or decline. Key future trends to watch for include potential shifts towards more sustainable energy sources, advancements in green steel technology, and regulatory changes aimed at reducing carbon emissions in the steel industry.