Key Market Indicators
Sweden's biofuel production is projected to increase to approximately 11,600 barrels of oil equivalent per day by 2028, up from around 10,300 barrels of oil equivalent per day in 2023. This represents an average annual growth rate of 2%. Notably, since 2006, the country's biofuel supply has grown at an average annual rate of 8.5%. On the demand side, Sweden's biofuel consumption is expected to reach nearly 44,700 barrels of oil equivalent per day by 2028, rising from about 35,300 barrels of oil equivalent per day in 2023. This growth reflects a compound annual growth rate of 3.8%. Since 2010, Swedish biofuel demand has seen an average annual increase of 5.8%.
