Key Market Indicators
Colombian biofuel demand is projected to rise to approximately 16,600 barrels of oil equivalent per day by 2028, up from around 15,600 barrels per day in 2023. This marks a year-on-year compound annual growth rate (CAGR) of 1%. Since 2010, demand for biofuels in Colombia has increased by 1% annually. Meanwhile, Colombia's biofuel production is expected to reach close to 17,900 barrels of oil equivalent per day by 2028, an increase from about 15,800 barrels per day in 2023. This represents an average annual growth rate of 1.8%. Since 2010, the nation's biofuel supply has seen a yearly increase of 1.9%.
