In 2023, the wood and wood products sector's final consumption of renewables and biofuels in Italy was estimated at 7.38 thousand terajoules. From 2024 to 2028, forecasted growth indicates a steady increase with predicted values ranging from 7.65 to 8.79 thousand terajoules. This reflects a year-on-year growth rate of approximately 3.8% for this period. The five-year compound annual growth rate (CAGR) is also projected at around 3.8% from 2024 to 2028.
Future trends to watch include technological advancements in biofuel production, government policies promoting renewable energy, and increasing demand for sustainable resources, all of which could significantly impact the consumption rates in this sector.
