Primary solid biofuels gross heat production in Germany has experienced various fluctuations over the past decade. In 2023, the value stood at 698.83 thousand tonnes of oil equivalent, reflecting a steady upward movement with a year-on-year increase of 2.6%. The CAGR over the last five years up until 2023 was noted to be 4.07%, demonstrating robust growth. This trend has seen fluctuations, particularly in years such as 2018 where there was a notable decline of 6.03%. However, subsequent years generally marked recovery and growth.
Looking ahead, forecasted data from 2024 to 2028 indicate continued growth, albeit at a slightly moderated pace compared to recent historical years. The forecasted five-year CAGR stands at 1.47%, with an overall forecasted growth rate of 7.58% by 2028.
Future trends to watch for include:
- Technological advancements in biofuel production.
- Regulatory changes at the European Union and national levels influencing biofuel mandates and subsidies.
- Market developments in competing energy sources such as solar and wind.
- Potential impacts of geopolitical events on energy supply chains.
