Blended biodiesels available for final consumption in Germany stood at 112.67 thousand terajoules in 2023. From 2020 to 2023, the data shows substantial increases in biodiesel use, with a notable 35.84% rise in 2020, followed by a decline of 16.3% in 2021, then a 12.05% increase in 2022, and a modest rise of 3.45% in 2023. Over the last five years, the CAGR has been around 5.51%. Projections indicate a steady increase, with the forecasted value reaching 130.9 thousand terajoules in 2028, representing a forecasted 5-year CAGR of 2.38%, translating to a forecasted growth rate of 12.47% from 2023 to 2028.
Future trends to watch for include:
- Advancements in biodiesel technology and production efficiency.
- Policy shifts and regulatory support for renewable energy sources.
- Market adaptations to fluctuations in fossil fuel prices and availability.
- Continued investments in infrastructure to support biodiesel distribution and usage.
- Climate change impact mitigating efforts and international agreements promoting sustainable energy practices.