Biofuels production in France showed varying trends over the years from 2013 to 2023. In 2023, the production stood at 33.39 thousand barrels of oil equivalent per day. Year-on-year variations ranged significantly, with notable increases in 2015 (6.32%) and 2018 (13.39%), whereas significant declines were observed in 2016 (-8.76%), 2021 (-16.21%), and 2023 (-4.45%).
Over the last two years (2022-2023), the production saw a substantial decrease, with a total decline of approximately 7.94%. The compound annual growth rate (CAGR) over the last five years (2018-2023) was around -7.75%, indicating a steady downward trend.
Future trends to watch for:
- A further decline in production is forecasted, with values expected to decrease to 29.21 thousand barrels of oil equivalent per day by 2028.
- The forecasted 5-year CAGR indicates a continuing downward trend of about -1.9% annually, cumulatively resulting in a 9.14% decline over this period.
