Between 2013 and 2023, Finland's primary solid biofuels gross heat production displayed varying trends, reflecting both increases and declines. The production value stood at 2.06 million tonnes of oil equivalent (Mtoe) in 2023. Over the last two years (2022-2023), the year-on-year variation showed growth—2.62% in 2023 following a 3.4% decline in 2022. The compound annual growth rate (CAGR) over five years (2018-2023) was 5.28%, indicating a robust average yearly increase.

Looking forward, the forecast up to 2028 suggests steady growth, with a forecasted 1.86% annual increase and an overall growth rate of 9.63% over the five years from 2024 to 2028.

Future trends to watch for:

Technological advancements in biofuel production.
Policy changes regarding renewable energy incentives.
Market adaptations to climate change regulations and goals.
Potential supply chain disruptions or enhancements affecting raw material availability.