Global Biofuel Trends in 2024
Biofuel is part of Bioenergy and includes a number of sub-sectors such as Biodiesel. You may also be interested in Wood Fuel, Biogas and Biopower.
Global biofuel production is projected to rise to approximately 4,570 thousand barrels of oil equivalent per day by 2028, up from around 3,950 thousand barrels per day in 2023. This represents an average annual growth rate of 2.3%. Since 1995, the global supply of biofuels has increased by an average of 2.6% per year. On the demand side, global biofuel consumption is expected to grow to nearly 4,600 thousand barrels of oil equivalent per day by 2028, up from about 4,000 thousand barrels per day in 2023. This translates to a compound annual growth rate of 2.2%. Global biofuel demand has seen a more robust increase, with an average annual growth rate of 3.4% since 1995.
Top 10 countries
In 2024 major markets in the Biofuel Industry were:
World Biofuel Market Data and Forecasts
How much the Biofuel industry is expected to grow to 2028?
World Biofuel Top Rankings
Global Biofuel Statistics
- Final Consumption Expenditures 222 countries (Europe, Southern Europe, Eastern Europe...)
- Biofuel Demand 71 countries (Europe, Southern Europe, Northern Europe...)
- Energy Supply 179 countries (Europe, Southern Europe, Eastern Europe...)
- Electricity Generation 176 countries (Europe, Southern Europe, Eastern Europe...)
- Biodiesel Demand 93 countries (Europe, Northern Europe, Scandinavia...)
- Biogasoline Demand 40 countries (Europe, Northern Europe, Scandinavia...)
- Biodiesel Production 86 countries (Europe, Asia, South America...)
- Biodiesel Import 91 countries (Europe, Southern Europe, Northern Europe...)
- Household Consumption Expenditure 211 countries (Europe, Northern Europe, Southern Europe...)
- Biodiesel Export 85 countries (Europe, Eastern Europe, Western Europe...)
