In 2024, the forecasted production capacity for pure biodiesels in Finland is 652.0 thousand metric tons. This represents a trend of steady growth in production capacity in the coming years. The year-on-year variation shows the following increases:
- From 2024 to 2025: 2.6%
- From 2025 to 2026: 2.5%
- From 2026 to 2027: 2.3%
- From 2027 to 2028: 2.4%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.5%, which indicates a consistent upward trend in biodiesel production capacity over this period.
Future trends to watch for include the impact of technological advancements in biodiesel production, government policies promoting renewable energy sources, and fluctuating global oil prices which could influence production decisions and capacity expansions. Monitoring these factors will be key to understanding long-term capacity trends in Finland's biodiesel industry.
