From 2013 to 2023, Sweden's primary solid biofuels gross available energy exhibited a notable oscillation with both upward and downward movements, culminating at 428.31 Thousand Terajoules in 2023. Interestingly, the year-on-year variation for 2023 was 1.14%, signaling a steady increase when compared to previous years, while the compound annual growth rate (CAGR) over the last 5 years averaged 1.9%.
The forecast for 2024 onwards anticipates a consistent upward trend, with projected figures indicating that the gross available energy will reach 451.45 Thousand Terajoules by 2028. This represents a forecasted 5-year CAGR of 0.83% and an overall growth rate of 4.24%.
Future trends to watch for include the potential impact of policy changes towards renewable energy incentives, advancements in biofuel technology, and Sweden’s commitment to sustainable energy sources, which may drive further growth in the sector.
