Key Market Indicators
Portuguese biofuel demand is projected to hit 6,000 barrels of oil equivalent per day by 2028, a rise from the current 5,300 barrels per day recorded in 2023. This marks an annual growth rate of 2%. Since 2011, the country's biofuel demand has seen a yearly increase of 0.7%. On the production side, Portuguese biofuel output is expected to climb to 6,300 barrels of oil equivalent per day by 2028, up from 6,100 barrels per day in 2023. This represents an average annual growth rate of 0.4%. However, since 2010, biofuel supply in Portugal has experienced a slight annual decline of 0.1%.
