Forecast: Bioenergy Energy Supply in Denmark

The bioenergy supply in Denmark experienced a steady upward trend from 2013 through 2023, with significant year-on-year growth, especially notable in the years 2015, 2017, 2020, and 2021. In 2023, the supply stood at 68.87 thousand GWh, reflecting consistent expansion driven primarily by advancements in bioenergy technologies and increasing energy demands.

Between 2021 and 2023, the bioenergy supply saw year-on-year increases of 17.37% and 5.24%, respectively, demonstrating robust growth. Over the last five years, the compound annual growth rate (CAGR) averaged at 7.45%, underscoring strong performance in this sector.

Looking forward, the forecast suggests continuous growth with a projected CAGR of 3.42% from 2024 to 2028, leading to a cumulative growth rate of 18.33%. This indicates a slower yet steady increase in bioenergy supply.

Future trends to watch for include innovations in bioenergy production, government policies promoting renewable energy, and potential shifts in energy consumption patterns which could further influence bioenergy supply trajectories in Denmark.