In 2023, Finland's primary solid biofuels production stood at 103.93 Thousand Gigawatthours. Forecasts show a steady growth from 2024 to 2028, with a consistent year-on-year increase. The year-on-year variations for 2024, 2025, 2026, 2027, and 2028 are 1.04%, 1.04%, 1.00%, 0.99%, and 0.97% respectively. Over the last two years, we saw an annual increase around 1.04%, reflecting a stable upward trend. Over the entire forecast period (2024-2028), the compound annual growth rate (CAGR) is estimated to be 1.01%.
Future trends to watch for include technological advancements in biofuels production methods, shifts in government policy and subsidies, and the impact of global energy markets on biofuel prices and demand. Additionally, environmental concerns and sustainability efforts may increase investment and research in this sector.
