From 2013 to 2023, energy consumption in ethanol production in Canada has seen fluctuating yet generally positive growth. Notably, from 2013 to 2018, the year-on-year growth rates varied, but significant increases were observed in 2019 at 11.05%, scaling up to 1050 Thousand Tonnes of Oil Equivalent by 2023.
The recent five-year span saw an average annual growth rate (CAGR) of 3.72%, showcasing a steady upward trajectory. From 2024 onwards, the consumption is forecasted to continue growing but at a decelerated pace, with a forecasted CAGR of 0.63% by 2028.
Future trends to watch for include technological advancements in ethanol production and potential shifts towards more sustainable energy sources, which may influence energy consumption patterns.
