The production of pure biodiesels in Italy is projected to experience steady growth from 2024 onwards. In 2023, the actual production stood at 1.16 Million Tonnes of Oil Equivalent (Mtoe). From 2024 to 2028, the forecasted year-on-year growth rates are as follows: 2024 (+3.45%), 2025 (+3.33%), 2026 (+2.42%), 2027 (+3.15%), and 2028 (+2.29%). Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is expected to average around 2.93%.
Future trends to watch for include advancements in biodiesel production technology, policy shifts favoring renewable energy, and fluctuating global oil prices which could impact production volumes. Additionally, market demands for greener fuels and governmental incentives might further influence growth trajectories in the biodiesel sector.
