Forecast: Primary Solid Biofuels Production in Finland

The production of primary solid biofuels in Finland saw fluctuations from 2013 to 2023, with an average production standing at 8.88 million tonnes of oil equivalent in 2023. The year-on-year variations displayed significant changes, such as a notable decline of -8.06% in 2020 and a high increase of 13.93% in 2021. From 2022 to 2023, production increased modestly by 0.92%. The five-year CAGR between 2018 and 2023 averaged around 0.5%, indicating steady growth despite short-term volatility.

Future trends to watch for include:

  • Expected continuous growth with a forecasted five-year CAGR of 0.65%.
  • Overall predicted growth rate of 3.27% from 2023 to 2028.
  • Factors such as governmental energy policies and advancements in biofuel technology could significantly influence production levels.

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