In 2023, Italy's pure biodiesel imports stood at 1.23 Million Tonnes Of Oil Equivalent. Forecast data indicates a steady annual increase through 2028, with projected imports reaching 1.7 Million Tonnes. The year-on-year growth rates are predicted to be approximately 8.4% for 2024, 8.4% for 2025, 6.3% for 2026, and 5.9% for 2027. The compound annual growth rate (CAGR) over this five-year period is expected to average around 6.7%.
Looking ahead, future trends to watch include:
- Global policy changes on renewable energy and their impact on biodiesel demand.
- Cost competitiveness of biodiesel relative to other renewable energy sources.
- Technological advancements in production and efficiency that could drive market changes.
- Potential shifts in trade dynamics due to geopolitical factors.
