Energy consumption in ethanol production in Mexico stood at 129.56 thousand tonnes of oil equivalent in 2023. From 2013 to 2023, there has been a significant upward trend, attributed to the steady increase in ethanol production capacity and ongoing investments in energy efficiency and technological advancements.
Over the last two years, the year-on-year percentage variation has shown moderate increases: 2.91% in 2022 and 2.81% in 2023. These figures indicate continued growth, although at a decelerating pace. The last five years display an average compound annual growth rate (CAGR) of 3.2%, signaling a stable and sustained growth trend in energy consumption for ethanol production.
Looking forward, the forecasted data from 2024 to 2028 suggests an average annual growth rate of 2.01%. By 2028, the expected cumulative growth rate stands at 10.47%. This implies a somewhat slower but steady increase in energy consumption, reflecting saturation in existing growth factors and the potential impact of emerging energy-efficient technologies.
Future trends to watch for:
- The adoption of advanced biofuel technologies and their impact on energy consumption efficiency.
- Potential regulatory changes impacting ethanol production and energy usage.
- Investments in renewable energy sources within ethanol production processes.
