The gross electricity production from primary solid biofuels in Italy has shown a steady increase from 2013, with a value of 4.78 Thousand Gigawatthours in 2023. From 2013 to 2018, growth was significant but varied, while the period from 2019 to 2023 experienced more stable, albeit slower, growth. The year-on-year growth rate for 2022 was 2.78%, while 2023 saw a modest increase of 2.65%. Over the last five years, the compound annual growth rate (CAGR) stood at 2.66%. Forecasted data indicates a continuation of this trend, with a projected average annual growth of 1.88% leading to a 9.74% increase by 2028.
Future trends to watch for include advancements in biofuel technology, government policy shifts towards renewable energy, and potential fluctuations in raw material availability and prices. These factors could either accelerate growth beyond current forecasts or introduce volatility into the market.