In 2023, the primary solid biofuels available for final consumption in Italy stood at 7.51 million tonnes of oil equivalent. The forecast from 2024 to 2028 indicates a stable growth, with values increasing annually from 7.51 to 8.14 million tonnes. The annual year-on-year growth averages around 1.9%. The compound annual growth rate (CAGR) over these five forecasted years is approximately 1.6%, suggesting a steady rise in solid biofuels utilization in Italy.
Future trends to watch for:
- Technological advancements in biofuel production which might boost efficiency and sustainability.
- Government policies promoting renewable energy that could further increase demand for solid biofuels.
- International market fluctuations and their impact on biofuels import and export dynamics.