Key Market Indicators
**Finnish Biofuel Demand Projected to Surge by 2028** Helsinki, Finland – The demand for biofuel in Finland is expected to experience a significant surge over the next five years. By 2028, the demand is projected to reach approximately 40,000 barrels of oil equivalent per day, up from around 25,000 barrels in 2023. This represents an average annual growth rate of 7.5%. Since 2007, Finnish biofuel demand has seen a remarkable increase, growing by an average of 32% each year. This rapid growth underscores Finland's commitment to renewable energy sources and its efforts to reduce carbon emissions. **Steady Growth in Finnish Biofuel Production** In tandem with rising demand, Finnish biofuel production is also on an upward trajectory. By 2028, production is expected to reach about 9,000 barrels of oil equivalent per day, compared to around 8,000 barrels in 2023. This marks an average annual growth rate of 2.1%. Since 2012, the supply of biofuel in Finland has grown at an average rate of 6.2% per year, reflecting the nation's ongoing investment in sustainable energy infrastructure and technology. These trends highlight Finland's strategic push towards a greener energy future, as both production and consumption of biofuels continue to expand.