In 2023, the bioenergy supply in Turkey has stabilized at 133.86 thousand terajoules, showing a slight decline of about 1.88% from 2022. Over the past five years, the Compound Annual Growth Rate (CAGR) indicated a growth of 6.31%, reflecting post-2020 recovery trends, peaking in 2021 with a notable 15.98% year-on-year increase. However, the supply has generally observed a downtrend since 2013, with fluctuations and more significant declines, especially notable between 2018 and 2019.
For the upcoming years, the forecast shows a gradual reduction in bioenergy supply, with values expected to decline by a forecasted CAGR of -1.55%, resulting in a -7.52% total reduction by 2028. This steady decrease suggests limited future growth prospects in the near term.
Future trends to watch for include:
- Technological advancements in bioenergy production, which could potentially reverse the declining trend.
- Government policies and incentives aimed at renewable energy sources could impact supply dynamics.
- Market demand shifts towards more sustainable energy options might influence bioenergy supply strategies.
