The production of primary solid biofuels in France has shown variability over the past decade. Starting from 10.68 million tonnes of oil equivalent (MTOE) in 2013, production declined significantly in 2014 by 14.28%. It regained momentum in subsequent years, with notable increases in 2015 and 2016. However, the trend remained inconsistent, experiencing slight declines and minor growths from 2017 to 2022. In 2023, the production stood at 10.58 MTOE, with a marginal year-on-year increase of 0.37%. The Compound Annual Growth Rate (CAGR) over the last five years was just 0.51%, indicating a relatively flat trend.
Looking ahead, from 2024 to 2028, the forecast suggests a stable but slightly increasing production trend. The five-year CAGR is projected at 0.28%, with an overall growth rate of 1.43% by 2028. This projected growth rate implies a modest but steady rise in the production of primary solid biofuels in France.
Future trends to watch for include:
- Government policies and incentives for renewable energy sources.
- Technological advancements in biofuel production efficiency.
- The impact of global energy prices on biofuel adoption.
- Environmental regulations that might influence production processes.
- Market demand shifts for cleaner energy alternatives.
