Over the last decade, the primary solid biofuels energy supply in Germany has shown a mix of fluctuations and steady growth. From 2013 to 2016, the market saw a series of declines, the most significant being in 2014, with a year-on-year decrease of 11.19%. However, starting in 2018, the market began a recovery phase. By 2021 and 2022, the energy supply had notably increased, aided by a significant 11.14% rise in 2021. The series stood at 604.99 Thousand Terajoules in 2023. The Compound Annual Growth Rate (CAGR) over the last five years averaged 2.52%, indicating moderate growth.
Looking ahead to the forecasted period of 2024 to 2028, the CAGR is projected to slow to 1.83%, demonstrating a stable yet slower growth phase. Future trends to watch include advancements in bioenergy technology, government incentives for renewable energies, and potential market disruptions from global energy prices or regulatory changes. Monitoring these factors will be crucial for predicting more precise future growth trajectories.
