The primary solid biofuels available for final consumption in Spain experienced fluctuating trends from 2013 to 2023. The value stood at 3.69 Million Tonnes Of Oil Equivalent (MTOE) in 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) was minimal at 0.067%, indicating relatively stable consumption levels with slight year-on-year changes. The last two years showed minor variations of -0.36% in 2022 and -0.081% in 2023, demonstrating limited volatility.
Looking forward, the forecast indicates steady consumption levels, with an anticipated slight decrease in the 5-year CAGR to -0.06%. Future trends to watch for include:
- Policy changes influencing renewable energy targets.
- Technological advancements in biofuel production.
- Economic factors affecting energy consumption patterns.