The supply of primary solid biofuels energy in Finland has shown a general upward trend over the years from 2013 to 2023. In 2023, the supply stood at 9.45 million tonnes of oil equivalent. Analyzing the year-on-year variations, the most significant changes occurred in 2021 with a 13.56% increase, following a drop of 6.63% in 2020. Over the last two years, the supply decreased by 2.43% in 2022 and increased by 1.5% in 2023. The compound annual growth rate (CAGR) shows an average increase of around 1.26% per year over the last five years.
Future trends to watch for include a steady increase in supply with a forecasted 1.1% CAGR over the next five years. By 2028, the supply is expected to grow by approximately 5.62%, reaching 10.13 million tonnes of oil equivalent. Continued investment and advancements in biofuel technology, as well as government policies supporting renewable energy, will be critical in sustaining this growth trajectory.
