The United States leads in vegetable oils biofuel use, estimated at 3.65 million metric tons in 2023, reflecting a slight annual growth in uptake. Thailand follows with 1.95 million metric tons, showcasing robust annual growth projections and positioning as a key player in this area. Norway and India exhibit moderate annual growth rates, with Norway showing substantial year-on-year variation, indicating a responsive market. Notably, Saudi Arabia, Iran, South Africa, Kazakhstan, Nigeria, and Ethiopia maintain negligible consumption. Over the past five years, these countries have not demonstrated any significant compound annual growth in biofuel utilization.
Future trends to watch include potential shifts in national policies to support renewable energy and biofuel incentives. Additionally, technological advancements in biofuel production and international agreements on carbon reduction may drive increases in vegetable oil biofuel consumption in various countries.
Top countries in Vegetable Oils Biofuel Use by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 3,650 | 2030 | +0.81% | +0.098% | View data |
| 2 | 2 Thailand | 1,950 | 2030 | +0.67% | +0.66% | View data |
| 3 | 3 Norway | 258.18 | 2030 | +2.19% | +1.48% | View data |
| 4 | 4 India | 112.72 | 2030 | +1.66% | +1.75% | View data |
| 5 | 5 Saudi Arabia | 0.001 | 2030 | 0% | 0% | View data |
| 6 | 6 Iran | 0.001 | 2030 | 0% | 0% | View data |
| 7 | 7 South Africa | 0.001 | 2030 | 0% | 0% | View data |
| 8 | 8 Kazakhstan | 0.001 | 2030 | 0% | 0% | View data |
| 9 | 9 Nigeria | 0.001 | 2030 | 0% | 0% | View data |
| 10 | 10 Ethiopia | 0.001 | 2030 | 0% | 0% | View data |
