The share of biomass in Thailand's total domestic material consumption has shown fluctuations from 2013 to 2023, starting at 42.75 units in 2013 and reaching 46.49 units in 2023. Analyzing the data, the year-on-year variation over the last two years is approximately 0.37% from 2021 to 2022 and 0.35% from 2022 to 2023. The 5-year CAGR from 2019 to 2023 stands at around 0.3%.
Future trends to watch for include:
- Increasing share of biomass consumption driven by sustainable policies and technological advancements.- Potential market shifts due to economic factors and resource availability.- Rising awareness and demand for renewable energy sources, influencing biomass usage.