The primary solid biofuels available for final consumption in the Netherlands have shown a steady increase from 6.31 Thousand Gigawatthours in 2013 to 8.7 Thousand Gigawatthours in 2023. Initially, growth rates fluctuated, with notable increases like 7.66% in 2014 and 7.33% in 2017. However, more recent years have witnessed a relatively consistent growth, averaging around 2.56% year-on-year from 2021-2023. Over the past five years, the compound annual growth rate (CAGR) stands at 2.61%. The forecast period (2024-2028) continues this upward trajectory with an expected CAGR of 1.67% and an estimated growth rate of 8.65% over five years.
Future trends to watch for:
- Enhancements in biofuel technologies and production efficiencies.
- Policy impact regarding renewable energy sources and carbon reduction targets.
- Market demand influenced by increasing awareness of sustainable practices.
- Potential supply chain disruptions or innovations.
- International trade dynamics affecting raw material availability.