In 2023, energy consumption in biodiesel production in India stood at 168.75 Thousand Tonnes Of Oil Equivalent (ktoe). Between 2013 and 2023, the energy consumption saw a consistent increase, with a notable dip in the growth rate after 2020. The year-on-year variation in 2023 was 2.77%, and the Compound Annual Growth Rate (CAGR) over the last five years was 3.99%.

Looking ahead, from 2024 to 2028, the forecasted CAGR is lower at 1.99%, suggesting a deceleration in growth. The predicted growth rate across this period is 10.33%. This trend indicates that while energy consumption in biodiesel production will continue to rise, the rate of growth will be slower compared to the previous decade.

Future trends to watch for:

Technological advancements in biodiesel production that may lead to more efficient energy use.
Government policies and incentives aimed at promoting renewable energy sources, which may impact energy consumption patterns.
Global oil price fluctuations influencing the economic feasibility of biodiesel as an alternative fuel.