Between 2013 and 2023, energy consumption in ethanol production in Chile exhibited a significant declining trend initially, decreasing from 3.48 thousand tonnes of oil equivalent to 2.28 in 2023. This represents a substantial reduction driven by consistent year-on-year decreases, averaging around -8.41% per annum until 2019. However, from 2020 onwards, the trend reversed slightly with positive increments, marking an increase of 6.48% in 2020, followed by modest annual growths noted up to 2023.
Analyzing the last five years, there’s an observed growth trend with a cumulative average growth rate (CAGR) of 0.34%. Forecasts from 2024 to 2028 suggest a continued mild upward trajectory with a forecasted 5-year CAGR of 0.86%, projecting an overall growth rate of 4.38% by 2028.
Future trends to watch for include:
- Advances in production technology improving energy efficiency.
- Policy changes affecting biofuel production incentives and mandates.
- Market demand shifts impacting production scales.
