Key Market Indicators
Norwegian bioenergy consumption is projected to decrease to 11.6 million metric tons by 2028, down from approximately 11.9 million metric tons in 2023. This decline represents an annual compound growth rate (CAGR) of -0.6%. Despite the recent downturn, Norwegian demand for bioenergy has historically shown a positive trend, increasing at an average rate of 1.6% per year since 1995. In 2023, Norway ranked 25th globally in bioenergy consumption, with Croatia surpassing it with the same figure of 11.9 million metric tons. Leading the global rankings were France, the United Kingdom, and Poland, holding the 2nd, 3rd, and 4th positions, respectively.
