Key Market Indicators
Germany's biofuel production is projected to decline slightly over the next few years. By 2028, production is expected to hit approximately 60,000 barrels of oil equivalent per day, down from around 61,000 barrels per day in 2023. This represents an average annual decrease of 0.3%. Historically, since 1997, German biofuel supply has seen an average annual decline of 0.5%. In contrast, the demand for biofuel in Germany is on the rise. By 2028, demand is forecasted to reach nearly 65,000 barrels of oil equivalent per day, up from about 57,000 barrels per day in 2023. This marks a compound annual growth rate (CAGR) of 1.9%. Since 1997, the country's biofuel demand has grown at an average rate of 1.7% per year. This divergent trend between production and demand underscores the dynamic changes in Germany's energy landscape. As the nation continues to transition towards renewable energy, these figures highlight the growing reliance on biofuels amidst fluctuating production capabilities.
