In 2023, the exports of primary solid biofuels in Sweden stood at 4.85 thousand terajoules. Over the past two years, there has been a positive trend with a year-on-year growth of 4.57% from 2022 to 2023, following a 13.86% decline from 2021 to 2022. The five-year Compound Annual Growth Rate (CAGR) for the period ending in 2023 was notably strong at 10.47%, indicating substantial growth momentum.

Looking forward from 2024 to 2028, the growth rate is expected to moderate, with a forecasted 5-year CAGR of 2.06%, translating to an overall growth rate of 10.74% over this period. This suggests a stable, albeit slower, expansion in the coming years.

Future trends to watch for:

Technological advancements in biofuel production, affecting efficiency and cost.
Government policies and incentives related to renewable energy.
Global demand shifts for sustainable energy sources, impacting export volumes.