In 2023, the stock change of blended biogasoline stood at approximately 5.0 thousand tonnes of oil equivalent. Forecast data from 2024 to 2028 shows a progressive increase in stock change, rising from 5.52 to 7.68 thousand tonnes. Year-on-year growth highlights an increasing trend, with an approximate rate of 9.96% in 2024 compared to 2023, and consistent annual growth observed through 2028. The compound annual growth rate (CAGR) over this period is around 8.45%.
Future trends to watch for:
- Government policies promoting renewable energy could further boost development.
- Technological advancements in biogasoline production might enhance efficiency and reduce costs.
- Variability in fossil fuel prices could influence the shift towards biogasoline.