The export volume of renewables and biofuels in France stood at 1050.0 thousand tonnes of oil equivalent (ktoe) in 2023. From 2013 to 2022, the trend displayed considerable volatility, with year-on-year changes varying from -12.56% in 2020 to 46.53% in 2018. Over the last two years, there has been significant growth, with 9.26% growth in 2023 following a robust 27.86% growth in 2022.
The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was lower at 4.35%, despite the higher recent year-on-year growth rates. Moving forward, forecasts predict continued growth, with the volume reaching 1360.0 ktoe by 2028, reflecting a projected 5-year CAGR of 4.11% and an overall growth rate of 22.28% from 2023.
Future trends to watch for include advancements in biofuel technology, regulatory changes aimed at increasing renewable energy exports, and potential shifts in international market demand for renewables. These factors could significantly influence the growth trajectory of France's renewables and biofuels exports in the coming years.
