In 2023, the availability of blended biodiesels for final consumption in Denmark stood at 175.55 thousand tonnes of oil equivalent. The forecasted data for the period 2024-2028 shows a steady increase from 175.73 in 2024 to 176.31 in 2028. The annual year-on-year variation percentages are as follows:
2024: 0.10%
2025: 0.11%
2026: 0.09%
2027: 0.07%
2028: 0.06%
Over the last two years, the availability has shown a minor but steady increase, indicative of a stable market for blended biodiesels in Denmark. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 0.08%, which signifies a modest upward trend.
Future trends to watch for include potential changes in government policies regarding renewable energy, technological advancements in biodiesel production, and market shifts in the availability of raw materials for biodiesel. These factors may impact the forecasted growth rates and overall market dynamics.