In 2023, Turkey's primary solid biofuels energy supply stood at 90.37 thousand terajoules. Over the past decade, the supply has shown a general declining trend, with notable fluctuations. The most severe decline was recorded in 2018 with a 30.15% year-on-year reduction. Following a growth period between 2019 and 2021, the supply resumed its downward trajectory, with slight decreases in 2022 and 2023.
From 2018 to 2023, the compound annual growth rate (CAGR) averaged -1.89%. The predicted forecast shows a continued downward trend, with an estimated -2.13% CAGR for the next five years and a total decline of around 10.19% by 2028.
Future trends to watch for include advancements in renewable energy technology, government incentives, and policies promoting the adoption of biofuels. Shifts in global energy prices and environmental regulations could further influence supply dynamics.
