In 2023, the imports of primary solid biofuels to Denmark stood at 90.3 thousand terajoules. The year-on-year variation for 2021 was a significant 36.3%, although it fell by 5.1% in 2022. The year 2023 saw a rebound with a 7.32% increase. Over the last five years, the compound annual growth rate (CAGR) has been 8.35%. From 2013 to 2023, imports have notably increased from 41.98 thousand terajoules, showing a long-term growth trend. Forecasts from 2024 to 2028 predict an average annual growth of 4.51%, culminating in 120.17 thousand terajoules by 2028.
Future trends to watch for include the increasing push towards renewable energy sources, potential policy changes impacting energy imports, and technological advancements in biofuel production and efficiency. These factors could influence the growth rate and stability of imports to Denmark. Additionally, economic conditions and geopolitical factors could also play a significant role in shaping future trends.
