The blended biodiesels consumption in the German industry is set on a forecasted growth path from 2024 through 2028, starting from 3.36 thousand terajoules in 2024 and reaching 4.31 thousand terajoules by 2028. This signifies a consistent annual increase with year-on-year growth rates approximating 7.14% from 2024 to 2025, 6.67% from 2025 to 2026, 6.25% from 2026 to 2027, and 5.64% from 2027 to 2028.
The compounded annual growth rate (CAGR) over this period is approximately 6.74%, indicating a steady upward trend.
Future trends to watch for include:
- Impacts of German and EU energy policies on biodiesel demand.
- Technological advancements in biodiesel production.
- Potential shifts in industrial energy consumption patterns.
- Market responses to sustainability and emissions reduction targets.
