In 2023, Sweden led the European blended biodiesels final consumption in the industry, tallying at 25.99 thousand tonnes of oil equivalent, followed closely by France and Germany. Noteworthy growth rates were observed in the Netherlands and Latvia, with 9.29% and 21.52% increases, respectively. Other countries like Spain and Portugal also experienced significant upticks in consumption, showcasing a clear trend towards enhancing biodiesel utilization.
For future trends in 2024 and beyond, several factors are anticipated to influence the market:
- Increased regulatory support for renewable energies across Europe.
- A rising focus on decarbonization in industrial processes.
- Potential technological advancements that could enhance biodiesel efficiency.
- A shift in the balance of energy supply chain dynamics due to geopolitical and economic factors.
Top countries in Blended Biodiesels Final Consumption in Industry Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 25.99 | 2023 | +8.58% | +8.23% | View data |
| 2 | 2 France | 22.31 | 2023 | +4.69% | +4.23% | View data |
| 3 | 3 Germany | 18.54 | 2023 | +5.03% | +8.74% | View data |
| 4 | 4 Netherlands | 12.19 | 2023 | +14.6% | +9.29% | View data |
| 5 | 5 Spain | 9.63 | 2023 | +40.04% | +6.33% | View data |
| 6 | 6 Austria | 3.39 | 2023 | +5% | +0.99% | View data |
| 7 | 7 Portugal | 3.28 | 2023 | +2.82% | +8.57% | View data |
| 8 | 8 Belgium | 2.34 | 2023 | +42.36% | View data | |
| 9 | 9 Greece | 1.41 | 2023 | +7.72% | -1.24% | View data |
| 10 | 10 Finland | 0.46 | 2023 | +4.26% | View data |
