In 2023, the primary solid biofuels available for final consumption in the Netherlands stood at 31.33 Thousand Terajoules. Between 2013 and 2023, there has been a consistent upward trend, with an average year-on-year growth rate fluctuating between 1.02% and 3.62%. Notably, the most significant annual increases occurred in 2014 and 2017, with 7.66% and 7.33%, respectively. From 2019 to 2023, the year-on-year growth rates averaged around 2.34% to 3.62%. The Compound Annual Growth Rate (CAGR) over the past five years has been modest at 2.61%.
Looking forward, forecasts from 2024 indicate continued growth in primary solid biofuels consumption, projected to reach 34.81 Thousand Terajoules by 2028. The forecasted five-year CAGR is 1.67%, reflecting a more moderate expansion compared to historical trends. The projected five-year growth rate stands at 8.65%, suggesting steady advancement albeit at a decelerating pace.
Future trends to watch for include:
- Technological advancements in biofuel efficiency.
- Policy changes and regulatory support for renewable energy sources.
- Increased investment in sustainable energy infrastructure.
- Global and regional economic factors affecting energy demand and supply.
Monitoring these factors will be crucial for understanding the future trajectory of primary solid biofuels consumption in the Netherlands.