The historical data from 2013 to 2023 for biofuels for blending closing stock in the Netherlands shows a fluctuating trend, with significant year-on-year variations. Notably, the closing stock value stood at 633.1 Thousand Metric Tons in 2023. The CAGR over the last five years up to 2023 was 4.09%, indicating moderate growth.
- Between 2013 and 2016, the variations included a mix of substantial declines and a significant spike in 2017.- From 2017 onwards, a more consistent upward trend is observed, with particularly high growth rates noted in 2018 and 2019.- The recent years, 2021 to 2023, witnessed a steady rise, though the year-on-year growth rates were lower compared to the earlier spikes. Specifically, the growth rates were 4.47% in 2022 and 4.31% in 2023.
Looking ahead, the forecasted data from 2024 to 2028 suggests a continuous increase in the closing stock of biofuels for blending, reaching 759.53 Thousand Metric Tons by 2028. The forecasted CAGR for this period is 2.88%, indicating a modest yet steady growth trajectory.
Future trends to watch for include technological advancements in biofuel production, regulatory changes, and market demand shifts, which may impact the growth rate and overall stock levels of biofuels for blending in the Netherlands.
