The forecast for blended biodiesels final consumption in the industry in the Netherlands shows significant growth. In 2023, consumption stood at 46.89 thousand tonnes of oil equivalent, reflecting a 14.6% year-on-year increase. Over the past five years, the consumption exhibited an average annual growth rate (CAGR) of 9.29%. The notable annual fluctuations include substantial increases in 2017 and 2018, by 35.06% and 81.65%, respectively, and a decline of 12.58% in 2020.
Looking ahead, the projected CAGR for the next five years is 6.55%, leading to a 37.32% increase in consumption by 2028, reaching 71.11 thousand tonnes. This sustained growth indicates continued expansion in the adoption and integration of biodiesels within the industry.
Future trends to watch for include advancements in biodiesel technology, shifting regulatory frameworks, changes in fossil fuel prices, and evolving industry sustainability goals, all of which could further influence biodiesel consumption patterns.