In 2023, the gross available energy from primary solid biofuels in France stood at 451.47 thousand terajoules. Observing the year-on-year variations, the energy value saw its highest positive change in 2021 with an increase of 10.88%, followed by a growth of 0.79% in 2023. However, fluctuations occurred throughout the years, like a significant decrease of 13.79% in 2014 and 5.52% in 2020. The CAGR over the past five years indicated a modest growth rate of 0.94% per year.
As we look toward the forecasted period from 2024 to 2028, the gross available energy from primary solid biofuels is expected to consistently increase, projecting a 5-year growth rate of 3% with an average annual growth rate (CAGR) of 0.59%. This gradual upward trend suggests steady advancements in biofuel technologies and a growing commitment to renewable energy sources.
Future trends to watch for include:
- Improvement in biofuel technology enhancing energy efficiency and output.
- Government policies and incentives favoring renewable energy investments.
- Market demand for greener energy driven by environmental concerns and legislation.
