Forecast: Biofuels Consumption in Poland

Biofuels consumption in Poland has shown significant fluctuations over the years. From 2013 to 2016, there was a downward trend, with the consumption reaching a low in 2016. However, from 2017 onward, there was a recovery trend, peaking at 2023 with biofuel consumption at 45.95 Petajoules. The year-on-year increase in 2023 was 2.79%, consistent with the pattern of moderate growth observed since 2020. The CAGR over the last five years indicates an annual average increase of 3.81%.

Looking ahead, biofuels consumption is forecasted to grow steadily, reaching 52.08 Petajoules by 2028. The forecasted CAGR over the next five years is projected to be 1.99%, with a total growth rate of 10.37%. Future trends to watch for include advancements in biofuels technology, regulatory changes favoring renewable energy, and broader economic factors influencing the energy market.

Top Countries about Biofuel