Italy's primary solid biofuels gross inland consumption is projected to grow from 9.35 million tonnes of oil equivalent (Mtoe) in 2024 to 9.99 Mtoe in 2028. Compared to 8.95 Mtoe in 2023, this represents a steady annual increase. The year-on-year growth rates from 2024 to 2028 are expected to be around 1.7% on average. The five-year compound annual growth rate (CAGR) is approximately 2.2%.
Future trends to watch for:
- Increasing investment in renewable energy infrastructure
- Government policies incentivizing biofuels usage
- Technological advancements in solid biofuel efficiency
- Potential market fluctuations due to geopolitical factors
