Over the past decade, the consumption of primary solid biofuels in Italy’s industry has shown an overall increasing trend. From a value of 2.75 thousand GWh in 2013, consumption has risen steadily, reaching 5.07 thousand GWh in 2023. The year-on-year variation has exhibited fluctuations, with notable growth in later years, such as 2021’s 14.74% increase, followed by a 6.82% decline in 2022, and a subsequent recovery with a 1.91% increase in 2023. The compound annual growth rate (CAGR) over the last five years stands at 3.43%.
Looking ahead, forecast data from 2024 to 2028 suggest a continued upward trajectory, with a forecasted 5-year CAGR of 1.38% and an overall growth rate of 7.1%. This indicates moderate yet steady growth in biofuels consumption in the industrial sector, projected to reach 5.53 thousand GWh by 2028.
Future trends to watch for include potential policy shifts focusing on renewable energy, advancements in biofuel technology, and industry-wide adoption rates of alternative energy sources. Additionally, the impact of global energy prices and Italy’s commitments to climate goals will play crucial roles in shaping the consumption patterns of primary solid biofuels.