The consumption of primary solid biofuels in Germany's industry has demonstrated fluctuations over the years. From a high in 2013, the value experienced periodic ups and downs, stabilizing somewhat towards the latter years. Notably, consumption dipped to its lowest in 2020 at 23.36 Thousand Gigawatthours but rebounded in 2021. As of 2023, the consumption stood at 26.68 Thousand Gigawatthours, showing improved consistency.
Key year-on-year variations include:
- 2021: +11.53%
- 2022: +1.2%
- 2023: +1.23%
The compound annual growth rate (CAGR) over the last five years up to 2023 suggests a moderate average growth of 1.7% annually. Moving forward, the forecasts from 2024 to 2028 project a steady growth trajectory with a CAGR of 0.91% and an overall growth rate of 4.63% over the next five years.
Future trends to watch for include the impact of policy regulations on renewable energy, advancements in biofuel technology, and shifts in industrial energy demands. Sustainability measures and the transition towards greener energy sources will also play a critical role in shaping future consumption patterns.