Key Market Indicators
Iceland's bioenergy consumption is projected to decline to approximately 1.65 million metric tons by 2028, down from the estimated 1.69 million metric tons in 2023. This represents an average annual decrease of 0.4%. Historical data shows a more pronounced decline since 1975, with consumption dropping by an annual average of 1.9%. In 2023, Iceland was ranked 32nd globally in bioenergy consumption, with Luxembourg surpassing it at the same consumption level of 1.69 million metric tons. Leading the rankings in bioenergy consumption are France, the United Kingdom, and Poland, which hold the second, third, and fourth positions, respectively.