The final consumption of gas oil and diesel oil, excluding biofuels, in Germany's iron and steel sectors, sees a slight decline from 2024 to 2028, starting at 21.6 in 2024 and reducing to 21.52 in 2028, measured in thousand tonnes of oil equivalent. This gradual decline suggests a stable, yet shrinking demand over the forecasted period. In 2023, the consumption stood at a similar level, indicating minimal year-on-year variations. Over the five-year forecast, the change per year is negligible, illustrating a low compound annual growth rate (CAGR) close to zero.
Future trends to watch include the impact of increased renewable energy integration and decarbonization efforts in the iron and steel industry. Advances in energy efficiency technologies and potential regulatory changes could further decrease fossil fuel dependency, potentially accelerating the decline in gas and diesel oil consumption. Monitoring technological advancements and policy shifts will be crucial for assessing future consumption patterns.
