In 2023, the domestic extraction of wood fuel in Italy was expected to decrease annually, with forecasted figures showing a consistent decline from 2.83 million metric tons in 2024 to 2.68 million metric tons by 2028. This reflects a shrinking market influenced possibly by decreasing demand or advances in alternative energy sources. Year-on-year forecasts project a decline of approximately 1.41% from 2024 to 2028. The compound annual growth rate (CAGR) over this period indicates an average annual contraction, suggesting a steady reduction in wood fuel extraction activities in Italy.
Future trends to watch for include:
- Technological advancements improving energy efficiency, potentially decreasing the reliance on wood fuel.
- Government policies regarding renewable energy sources and environmental concerns that may further reduce demand.
- Economic factors affecting the forestry industry and its sustainability in Italy.