The data on biomass consumption in South Korea reveals a declining trend over the past decade. In 2023, the consumption stood at 13.07 units of Domestic Material Consumption. Despite a few fluctuations, the consumption has generally decreased year-on-year. Between 2013 and 2023, notable drops occurred in 2015 and 2016, with a brief uptick in 2018. The compound annual growth rate (CAGR) for the last five years indicates an average yearly decrease of 0.67%. From 2024 onwards, the forecasted decline continues, with a predicted CAGR of -0.39% over the next five years, suggesting a sustained downward trajectory.

Future trends to watch for:

Government policy changes or incentives that might impact biomass consumption.
Technological advancements in biomass utilization and efficiency.
Shifts in energy and material consumption patterns toward more sustainable and renewable sources.