Energy consumption in biodiesel production in Brazil has shown a generally upward trend from 2013 to 2024. From a value of 2.3 million tonnes of oil equivalent (Mtoe) in 2013, it increased to 4.91 Mtoe in 2023. The year-on-year percentage variation peaked at 25.84% in 2018 and stood at 4.53% in 2023. Over the last five years, the compound annual growth rate (CAGR) has been 3.1%. The forecast for 2028 estimates a consumption of 5.94 Mtoe with a 5-year CAGR of 3.02% and a forecasted growth rate of 16.04%.
Future trends to watch for include the impact of policy changes on biodiesel mandates, advancements in biodiesel production technology, fluctuations in global oil prices, and the broader shift to renewable energy sources which might moderate or accelerate growth rates.
