The forecasted biomass consumption in Mexico shows a persistent downward trend from 2024 to 2028. Starting at 35.73 in 2024, the value decreases gradually each year, reaching 34.01 by 2028. This represents a consistent year-on-year decline of approximately 1-1.5% annually. Compared to the figures from 2023, this marks a noticeable shift in consumption patterns.
Key variations:
- From 2024 to 2025: -1.23%
- From 2025 to 2026: -1.25%
- From 2026 to 2027: -1.20%
- From 2027 to 2028: -1.22%
The Compound Annual Growth Rate (CAGR) over the five-year forecasted period (2024-2028) stands at approximately -1.22%, indicating a small but consistent year-on-year decline in biomass consumption.
Future trends to watch for include the impact of regulatory changes, advances in alternative renewable energies, and economic factors that may either slow down or accelerate this declining trend in biomass consumption in Mexico.
