The forecast for bioenergy final consumption in France's iron and steel sectors shows a steady increase from 38.98 thousand tonnes of oil equivalent in 2024 to 41.94 thousand tonnes in 2028. These numbers suggest approximately a 5% growth over this period, indicating a compounded annual growth rate (CAGR) of around 1.5% over five years. As we are currently in 2024, it is notable that this consumption began to increase steadily from the previous year.
Future trends to watch for include:
- The potential impact of policies aimed at reducing carbon emissions and increasing the use of renewable energy sources.
- Technological advancements that may improve the efficiency of bioenergy usage in these sectors.
- Market dynamics that could affect bioenergy supply and biofuel prices.