From 2013 to 2023, Turkey's primary solid biofuels gross available energy saw a notable decline, starting at 137.98 thousand terajoules in 2013 and dropping to 90.37 thousand terajoules in 2023. The year-on-year variations revealed significant fluctuations, with sharp declines like in 2018 (-30.15%) but also some recovery phases, e.g., 2020 (+16.06%) and 2021 (+10.24%). The 5-year CAGR from 2019 to 2023 stands at a positive 4.83%, indicating a recent uptrend.
Looking forward, forecasts suggest a continued, albeit slower, decline in primary solid biofuels gross available energy, with a projected CAGR of -2.13% from 2024 to 2028, culminating in a 10.19% reduction by 2028.
Future trends to watch for include:
- Potential policy changes or subsidies to promote renewable energy, especially in the solid biofuels sector.
- Improvements in biofuel technology that could increase efficiency and usability.
- Market demand shifts due to changes in public and private sector energy consumption patterns.
