The final consumption of biogases in Denmark's Food, Beverages, and Tobacco sector has seen significant fluctuations over the past decade. Starting at 227.12 Terajoules in 2013, it peaked at 864.32 Terajoules in 2019 but also saw major declines, especially in 2017 and 2021. The consumption in 2023 stood at 589.64 Terajoules. The Compound Annual Growth Rate (CAGR) in recent years shows positive trends, marking 10.05% from 2019 to 2023. However, the sector experienced considerable volatility, with year-on-year variations swinging from -75.33% in 2017 to 149.37% in 2016.
Looking ahead from 2024, forecasted data suggests steady growth in biogas consumption with a 5.45% CAGR, projecting a 30.38% increase by 2028. This trend reflects an increasing commitment to sustainable energy within the sector.
Future Trends to Watch For:
- Further investments in sustainable energy technologies.- Regulatory changes favoring renewable energy sources.- Potential market disruptions due to economic or environmental factors.