The primary solid biofuels final consumption in the machinery sector in France has shown significant fluctuations over the years. From 2013 to 2015, the consumption decreased gradually, followed by a notable increase in 2016. However, the period from 2017 to 2019 again saw a slight decline. The year 2020 recorded a sharp drop of 41.31%, likely due to external factors such as economic downturns or disruptions. A recovery began in 2021 with a 21.62% increase, and by 2022, consumption surged by 39.08%, reaching 141.88 Terajoules. In 2023, the consumption stood at 159.25 Terajoules, marking a 12.24% increase from the previous year.
Year-on-year variations over the last two years demonstrate a recovery trend, with notable increases in 2022 and 2023. The compound annual growth rate (CAGR) over the last five years stands at 1.69%, indicating modest growth. The forecast for the next five years (2024-2028) shows a projected average annual increase of 2.07%, achieving a five-year growth rate of 10.8%, culminating in 181.48 Terajoules in 2028.
Future trends to watch for:
- The impact of policy changes, especially regarding sustainable energy sources.
- Advancements in biofuel technology and their adoption in the machinery sector.
- Economic factors and market demands influencing biofuel consumption.
