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.