The forecast for the share of biomass in total domestic material consumption in the Philippines shows a consistent declining trend from 19.72% in 2024 to 14.18% in 2028. The year-on-year percentage variations indicate a steady decrease of approximately 6-8% annually. Comparing this to the value from 2023, which was 20.80%, there is a clear downward trajectory in the reliance on biomass.
The compound annual growth rate (CAGR) over the last five years further details an average yearly decline of around 8.0%. This steady reduction suggests a structural shift in domestic material consumption patterns, possibly driven by increased diversification of energy sources or efficiency improvements in other sectors.
Key future trends to watch include advancements in renewable energy technology, governmental policies promoting sustainability, and economic factors influencing material consumption. Keeping an eye on these will help predict if the current downtrend continues or stabilizes.