The consumption of blended biodiesels in Sweden's industry has experienced a significant increase from 188.05 GWh in 2013 to 1160 GWh in 2023. The year-on-year growth rate over the last two years has been stable, around 8.47% in 2022 and 8.58% in 2023. Notably, the Compound Annual Growth Rate (CAGR) over the last five years averages at 8.23%, indicating steady growth.
Future forecasts predict continued growth, with consumption expected to reach 1620 GWh by 2028. This represents a five-year CAGR of 5.19%, suggesting a slightly slower but still positive growth trajectory compared to previous years.
Future trends to watch include advancements in biodiesel production technology, potential regulatory changes, and shifts in industrial demand for sustainable energy solutions. These factors could influence the pace and nature of growth in the industry consumption of blended biodiesels.