In 2023, the final consumption of renewables and biofuels in Germany's wood and wood products sector was recorded at approximately 15.30 thousand gigawatthours. The projections for the following years from 2024 to 2028 indicate a steady increase, with year-on-year growth rates including 0.97% in 2024, 0.96% in 2025, 0.83% in 2026, 0.76% in 2027, and 0.76% in 2028. Over these five years, the compound annual growth rate (CAGR) averages at around 0.86%.
Future trends to watch for:
- Policy changes impacting renewable energy investments in the wood industry.
- Technological advancements in biofuel efficiency.
- Dynamics of international trade affecting wood product markets.
