Key Market Indicators
Cyprus's bioenergy consumption is projected to decline, reaching approximately 1.4 million metric tons by 2028. This marks a decrease from around 1.5 million metric tons in 2023, with a compound annual growth rate (CAGR) falling by 1.8% year on year. Historical data indicates a consistent downward trend in Cypriot bioenergy demand, which has been decreasing by 2% annually since 1975. In the global ranking for bioenergy consumption in 2023, Cyprus was positioned 33rd, with Iceland slightly ahead, consuming about 1.5 million metric tons. Leading the rankings were France, the United Kingdom, and Poland, occupying the second, third, and fourth spots, respectively.
