Biomass consumption in Saudi Arabia peaked at 7.5 units in 2018 before gradually declining to 6.49 units in 2023. Over the past two years, consumption decreased at a year-on-year rate of -1.29%. The CAGR for the last five years shows an average annual reduction of -2.85%. Upon analyzing future trends from 2023 to 2028, a further decline with a forecasted five-year CAGR of -1.02% is expected. This indicates a continuing reduction trend, forecasting consumption to stand at 6.09 units by 2028—representing a forecasted 5-year growth rate of -4.99%.
Future Trends to Watch:
- Increasing investments in renewable energy sources like solar and wind.
- Policy changes to reduce reliance on biomass and enhance sustainable practices.
- Technological advancements in biomass efficiency and usage.
- Global market fluctuations impacting biomass resource availability.
- Potential initiatives to increase domestic biomass production and consumption.
