As we analyze the forecast for renewables and biofuels' final consumption in the wood and wood products sector in France from 2024 to 2028, there is a steady increase in consumption. In 2023, the recorded consumption was estimated at 13.89 thousand terajoules. The data indicates an annual growth rate, with a year-on-year percentage increase of approximately 1.21% to 1.25%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be around 1.26%.
Future trends to watch for include:
- Technological advancements in renewable energy capturing and storage.
- Potential policy changes and government incentives promoting renewable energy within the wood sector.
- The impact of global energy market developments on local renewable energy initiatives.