Finland's blended biodiesels transformation output is forecasted to reach 347.56 TTOE in 2024, starting from 320 TTOE in 2023. This represents an 8.6% year-on-year increase. The upward trend continues, with projections for 357.55 TTOE in 2025, 367.48 TTOE in 2026, 377.37 TTOE in 2027, and 387.2 TTOE in 2028, reflecting steady annual growth.
Key variations:
- 2024-2025: 2.9%
- 2025-2026: 2.8%
- 2026-2027: 2.7%
- 2027-2028: 2.6%
The compound annual growth rate (CAGR) over the period from 2024 to 2028 is approximately 2.75%.
Future trends to watch:
- Technological advancements in biodiesel production.
- Regulatory impacts and policy shifts.
- Market demand variations driven by energy transition efforts.
- Global oil price fluctuations and their effects on biodiesel competitiveness.
