Biomass consumption in Australia has exhibited a consistent declining trend from 2013 to 2023, with the year-on-year variation becoming less volatile but still negative. Notably, biomass consumption stood at 28.37 units in 2023, reflecting a steady decrease over the past decade. From 2013 to 2023, the Compound Annual Growth Rate (CAGR) averaged at -2.51%, with notable year-on-year declines like -9.37% in 2018 and -2.58% in both 2022 and 2023.

Looking ahead to future trends:

Over the next five years, biomass consumption is projected to decline further, with a forecasted 5-year CAGR of -2.36%.
By 2028, biomass consumption is expected to drop by approximately 11.26%, reaching 24.44 units.
It will be crucial to monitor the influence of renewable energy policies, technological advancements, and potential shifts in energy demand that could alter this trajectory.