The construction sector's final consumption of pure biodiesels in Sweden has shown significant variability over the past decade, peaking at 18.0 thousand metric tons in 2017, followed by a notable decline and some fluctuations. In 2023, the consumption stood at 11.63 thousand metric tons. The sector experienced robust year-on-year growth until 2017, followed by a mixture of declines and marginal increases, indicating a maturing market.
Recent variations reveal a subtle recovery with a 2.77% increase in 2023. The compound annual growth rate (CAGR) over the past five years (2018-2023) averaged -7.31%, reflecting a contraction phase. However, the forecasted data suggests a modest upward trend with a forecasted 5-year CAGR of 1.98% and an overall growth rate of 10.31% by 2028.
Future trends to watch for include advancements in biodiesel technology, regulatory changes promoting green construction practices, and evolving energy policies in Sweden, which could significantly impact the consumption patterns in the construction sector. Additionally, monitoring the impact of economic fluctuations and potential shifts to alternative green energy sources will be crucial for future projections.