The forecasted consumption of primary solid biofuels in the transport equipment sector in Germany shows a steady annual increase from 2024 to 2028. In 2023, the actual consumption data stood at 27.5 thousand tonnes of oil equivalent. Year-on-year, the consumption is expected to rise consistently: about 2.55% in 2024, 2.56% in 2025, 2.46% in 2026, 2.4% in 2027, and 2.34% in 2028. Over the entire forecast period, the compound annual growth rate (CAGR) is approximately 2.46%.
Future trends to watch for:
- Policies focused on renewable energy could accelerate the adoption of biofuels, impacting consumption rates.
- Technological advancements in biofuel efficiency and production may further stimulate their use in the transport equipment sector.
- Environmental policies and carbon regulations may influence market dynamics, impacting primary solid biofuel consumption.
