The bioenergy final consumption in the wood and wood products sector in Spain has seen significant fluctuations between 2013 and 2023. Consumption in 2023 stands at 5.14 Thousand Gigawatthours. The period from 2013 to 2020 experienced varied growth with some periods of decline, particularly a slight drop in bioenergy use observed between 2013 and 2015. Notably, there was a substantial rise of 31.27% in 2016. Between 2016 and 2023, the consumption showed a general upward trend, particularly a notable rise from 4.78 Thousand Gigawatthours in 2016 to 5.14 Thousand Gigawatthours in 2023. The past two years exhibit a combined average growth rate of approximately 2.45%, highlighting a steady incremental trend. The average CAGR from 2018 to 2023 is calculated to be 0.98%. Future forecasts indicate a continued increase in bioenergy consumption, with a forecasted CAGR of 1.3% from 2024 to 2028 and an overall growth rate of 6.66% for the same period.
As we look to the future, trends to watch for include advancements in bioenergy technologies, regulatory changes promoting renewable energy, and potential fluctuations in wood product market demand which could significantly impact bioenergy consumption dynamics in Spain's wood and wood products sector.