In 2023, bioenergy production in Spain stood at 8.02 million tonnes of oil equivalent. Over the past decade, this production has seen fluctuations, with the lowest point being in 2016 at 6.75 million tonnes. The year-on-year variability suggests an initially inconsistent growth, but recent years, especially from 2019 onward, indicate a steadier increase. Specifically, 2022 and 2023 saw respective year-on-year growth rates of 1.57% and 1.54%. The Compound Annual Growth Rate (CAGR) for the past five years up to 2023 is 1.85%, reflecting a moderate but consistent rise in production.
Looking forward, forecasts indicate that bioenergy production will continue to rise, reaching 8.6 million tonnes by 2028. This suggests a forecasted 5-year CAGR of 1.1%, implying a slight deceleration compared to the past five years but an overall sustained growth. Key future trends to watch for include advancements in bioenergy technology, policy changes supporting renewable energy, and potential shifts in market demand driven by both domestic and European Union energy policies favoring greener solutions.
