The primary solid biofuels available for final consumption in Finland demonstrated a steady growth trajectory from 2013 to 2022, reaching 5.59 million tonnes of oil equivalent in 2023. The year-on-year variation over the last two years was relatively modest, with a 0.64% increase in 2022 and a 1.13% increase in 2023. The last five years saw an average annual increase (CAGR) of 0.28%.
Looking ahead to 2028, the projected average annual growth rate (CAGR) of 0.84% indicates a positive yet moderate increase, culminating in a 4.28% rise from 2023 levels, reaching 5.9 million tonnes of oil equivalent. Key trends to watch for include advancements in biofuel technology, policy changes to support renewable energy, and fluctuations in biomass supply chain and market demand.