The primary solid biofuels available for final consumption in France experienced fluctuating trends from 2013 to 2023. Notable variations include a significant drop in 2014 by 17.12% and a strong recovery in 2021 with an 11.18% increase. By 2023, the value stood at 8.22 Million Tonnes of Oil Equivalent (Mtoe). The past five years recorded an average annual growth rate (CAGR) of 0.3%, indicating stability in the market. Looking forward, the forecast for 2024 to 2028 suggests a steady CAGR of 0.08%, with minimal year-on-year growth expected.
Future trends to watch include:
- Advancements in bioenergy technology potentially increasing efficiencies.
- Government policies and subsidies influencing biofuel production and consumption.
- Market demand shifts due to environmental regulations and carbon reduction goals.
- Global energy market dynamics affecting biofuel competitiveness.