The data for 2023 showcases Norway, Ukraine, and Macedonia as the leading European countries in renewable and biofuel consumption in the iron and steel sector, with Norway at the top. Year-on-year changes indicate significant growth in Ukraine and France by 49.54% and 31.84%, respectively, while Iceland experienced a sharp decline of 68.65%. Germany also showed notable growth at 75.18%. The 5-year average CAGR across countries highlights fluctuating adoption, with some countries like Slovenia and Portugal witnessing gradual but steady consumption gains.
Future trends to watch include increased policy support and technological advancements that could bolster renewable and biofuel integration. Accelerated adoption in Eastern European countries, driven by infrastructure investments and green energy incentives, may shift market dynamics considerably in the coming years.
Top countries in Renewables and Biofuels Final Consumption in Iron and Steel Sectors Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 35.52 | 2023 | +4.49% | +18.93% | View data |
| 2 | 2 Ukraine | 26.72 | 2023 | +9.03% | +49.54% | View data |
| 3 | 3 Macedonia | 14.31 | 2023 | +2.05% | +29.52% | View data |
| 4 | 4 Slovakia | 10.76 | 2023 | +2.91% | -1.55% | View data |
| 5 | 5 France | 3.9 | 2023 | -0.004% | +31.84% | View data |
| 6 | 6 Sweden | 3.18 | 2023 | +5.63% | -1.81% | View data |
| 7 | 7 Germany | 2.56 | 2023 | +20.41% | +75.18% | View data |
| 8 | 8 Austria | 0.76 | 2023 | +2.69% | -21.14% | View data |
| 9 | 9 Hungary | 0.66 | 2023 | +21.43% | +33.56% | View data |
| 10 | 10 Greece | 0.38 | 2023 | +40.98% | +41.16% | View data |
