The forecasted biogases final consumption in the food, beverages, and tobacco sectors in Spain has shown significant variability over the past decade. Starting from 1.64 Thousand Terajoules in 2013, there was a marked decline through 2015, reaching a low of 0.295 Thousand Terajoules. From 2016 onwards, there was a gradual recovery with minor fluctuations, leading to a value of 0.647 Thousand Terajoules in 2023. The annual growth rates have varied, with significant drops seen in some years, such as 2014 and 2015, while other years like 2016 and 2020 showed positive growth.
Year-on-year variation analysis reveals notable periods of positive growth in the early 2020s, stabilizing around a moderate growth rate by 2023. Specifically, 2022 and 2023 recorded 8.61% and 2.54% year-on-year growth, respectively. The compound annual growth rate (CAGR) over the last five years (2019-2023) stood at 3.61%. The forecast for the next five years suggests a steady, albeit modest, growth trajectory with an average annual growth rate of around 1.86%, summing up to an estimated growth of 9.64% by 2028.
Future trends to watch for include continued advancements in biogas technology and increased adoption in the food, beverages, and tobacco sectors. Policy changes, government incentives, and the broader push towards sustainable energy may play crucial roles in influencing these trends.