The primary solid biofuels energy supply in Turkey is projected to decline steadily from 2024 to 2028. In 2023, the supply stood at approximately 2.14 Million Tonnes of Oil Equivalent (MTOE). In 2024, the forecast starts at 2.08 MTOE and decreases to 1.81 MTOE by 2028. Year-on-year variations for 2024-2025, 2025-2026, 2026-2027, and 2027-2028 are -3.37%, -3.48%, -3.09%, and -3.72%, respectively. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -3.40%.
Future trends to watch for include:
- Changes in government policies and subsidies for renewable energy.
- Advancements and investments in biofuel technology and infrastructure.
- Shifts in international energy prices and their impact on local supply chains.
- Environmental regulations and their effect on biofuel production.
