Based on the data, biomass consumption in Spain is forecasted to increase steadily from 2024 to 2028. The value starts at 38.88 in 2024 and grows incrementally to 39.19 by 2028. For context, biomass consumption stood at 38.75 in 2023. The year-on-year variation is relatively minimal, showing slight increases of around 0.2-0.3% annually.
Looking at the trend over the last two years (2022, 2023), we notice a consistent rise, reinforcing the overall steady growth forecasted for 2024 to 2028. The Compound Annual Growth Rate (CAGR) over the last five years shows an average annual increase of approximately 0.23%.
Future trends to watch for include advancements in biomass technology, potential regulatory changes, and the impact of broader environmental policies aimed at reducing carbon footprints. These factors could influence consumption rates, accelerating the growth or potentially stabilizing it depending on the direction of policy and innovation.
