In 2023, Germany's imports of renewables and biofuels were valued at approximately 128 thousand terajoules. The forecasted data indicates a steady growth trend, with values increasing to 132.58, 136.18, 139.74, 143.27, and 146.76 thousand terajoules from 2024 to 2028, respectively. This suggests a consistent year-on-year increase, averaging around 2.4% annually over this period. The compound annual growth rate (CAGR) for 2024-2028 is projected to be approximately 2.4%.
Future trends to watch include:
- Government policy adjustments affecting renewable energy imports
- Technological advancements in domestic renewable energy production
- Market dynamics in global renewable energy and biofuels sectors
