The analysis begins with an upward trend in biomass consumption in Egypt from 2013 to 2015, peaking at approximately 39.8 units. This is followed by a steady decline from 2016 onwards, with the consumption value reaching around 19.02 units by 2027. Year-on-year variations showed significant volatility, with notable declines in recent years, leading to a biomass consumption of 22.69 units in 2023. This year witnessed a -3.65% decrease in consumption compared to the previous year. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) was -2.65%.
Looking ahead, the forecast indicates a continued decrease in biomass consumption, with a projected value of 18.15 units by 2028. The forecasted five-year CAGR stands at -3.54%, with an overall decline of approximately 16.47% from 2023 to 2028.
Future trends to watch for include:
- Increased focus on alternative and sustainable energy sources.
- Potential policy changes encouraging or discouraging biomass consumption.
- Technological advancements in biomass conversion efficiency.
