In 2023, the biofuels consumption in Spain stood at a value of 57.35 Petajoules. Projected growth reveals a steady increase in consumption over the next five years from 58.89 Petajoules in 2024 to 65.11 Petajoules in 2028. This contextualized growth demonstrates an upward trend with an annual increase: 2.65% from 2024 to 2025, 2.58% from 2025 to 2026, 2.5% from 2026 to 2027, and 2.44% from 2027 to 2028. The compound annual growth rate (CAGR) over the last five years is approximately 2.57%.
A key trend to watch for is the integration of more advanced biofuels technologies, advances in feedstock supply chains, and policy incentives from the European Union aimed at reducing carbon emissions, which could further accelerate the biofuels market growth in Spain beyond current projections.
