In 2023, Italy's biofuels consumption stood at 20.2 Thousand Barrels Of Oil Equivalent Per Day. The forecast indicates a steady increase from 2024 to 2028, starting at 20.8 in 2024 and reaching 22.98 in 2028. The year-on-year growth rates are anticipated to be 2.64% from 2024 to 2025, 2.58% from 2025 to 2026, 2.46% from 2026 to 2027, and 2.41% from 2027 to 2028. The compound annual growth rate (CAGR) for the forecast period from 2024 to 2028 is estimated at 2.52%.

Future trends to watch for:

Regulatory changes in the European Union aimed at reducing carbon emissions, which could affect biofuel usage.
Technological advancements in biofuel production that may increase efficiency and consumption.
Shifts in consumer behavior and demand for renewable energy sources impacting market dynamics.