The gross available energy from primary solid biofuels in Finland has demonstrated a mixed trend over the past decade. The actual data from 2013 to 2023 shows fluctuations, with notable years of increase and decline. In 2023, the value stood at 398.92 thousand terajoules, marking a year-on-year increase of 1.68% from the previous year. The last 5-year CAGR, covering 2018 to 2023, revealed an average annual growth of 2.04%, indicating a relatively stable upward trend despite some year-to-year variations.
The forecasted data from 2024 to 2028 suggests a continuing increase in gross available energy, with a projected value of 430.97 thousand terajoules by 2028. The forecasted 5-year CAGR is expected to moderate to 1.23%, reflecting a more stable and gradual growth rate.
Future trends to watch for:
- Improvement in biofuel technologies that may drive efficiency and higher energy yields.
- Policy changes and government incentives aimed at boosting renewable energy usage in Finland.
- Potential market dynamics and their impact on biofuel production and consumption.
- Global environmental commitments and their influence on local energy policies and investments.
