Forecast: Primary Solid Biofuels Final Consumption in Industry in Spain

The final consumption of primary solid biofuels in Spain's industry experienced notable variations over the past decade. Starting from 46.48 thousand terajoules in 2013, there was a decline until 2014, followed by a significant increase peaking at 75.64 thousand terajoules in 2019. However, after a dip in 2020, the consumption stabilized, reaching 70.41 thousand terajoules in 2023. The year-on-year variations post-2019 slowed, leading to a slight decline by 2023. The average annual growth rate (CAGR) over the last five years stands at -0.09%.

Future trends to watch for include the anticipated slight decline with a forecasted average annual reduction of -0.21% over the next five years, potentially driven by shifts in energy policies, advancements in alternative energy technologies, and changes in industrial energy consumption patterns.