The consumption of primary solid biofuels in Poland showed notable fluctuations over the past decade. After a period of relatively stable consumption from 2013 to 2017, a significant jump occurred in 2018, with a value rise of 61.77% year-on-year, marking a turning point. However, the years following saw moderate declines, with year-on-year decreases from 2019 to 2021, and a slight increase again in 2022. In 2023, the consumption stood at 7.67 million tonnes of oil equivalent, marking a modest 2.1% increase compared to the previous year.
Looking at the compound annual growth rate (CAGR), over the last five years leading up to 2023, there was a slight negative CAGR of -0.82%. However, the forecast from 2024 to 2028 indicates a positive trend with a 5-year CAGR of 1.5%, leading to a forecasted consumption of 8.43 million tonnes of oil equivalent by 2028.
Future trends to watch for:
- The impact of policy changes and incentives toward renewable energy sources and biofuels in Poland.
- Technological advancements in solid biofuel production and their potential influence on the market.
- The balance between biofuel supply and demand, especially in the context of other energy sources.