Analyzing the data on primary solid biofuels final consumption in the industry sector in Denmark, we observe fluctuating values from 2013 to 2023. In 2023, the value stood at 103.23 Thousand Tonnes Of Oil Equivalent (ktoe). The year-on-year variations show significant changes, with notable dips and rises, such as a -17.12% drop in 2013, and a 28.49% rise in 2017. Over the last two years leading up to 2023, the consumption was steady, indicating a nearly flat year-on-year change at -0.0019%. The CAGR over the last five years showed a mild decline of -0.069%.
Future trends to watch for include:
- Stability in biofuels consumption from 2024 to 2028, as the forecasted values remain constant at 103.23 ktoe.
- Potential policy changes or technological advancements that could impact renewable energy sources and alter the consumption patterns.
- Observing shifts in industry practices or energy preferences towards more sustainable and efficient alternatives.