The final consumption of biogases in Italy's chemical and petrochemical sectors remained stable from 2013 to 2016 at 78.61 Gigawatthours. However, 2017 saw a decline by 6.01%, followed by minor fluctuations until a significant drop of 13.17% in 2019. The consumption hit a low of 63.4 Gigawatthours in 2021 but then gradually recovered, reaching 67.15 Gigawatthours in 2023.
Year-on-year variations over the last two years were 3.04% in 2022 and 2.81% in 2023, showcasing a trend towards recovery. The CAGR over the last five years stands at -2.1%, indicating an overall decline but improving outlook.
Forecasted data projects a steady increase from 68.98 Gigawatthours in 2024 to 76.18 Gigawatthours in 2028, with a forecasted five-year CAGR of 2.01% and an overall growth rate of 10.45% from 2024 to 2028.
Future trends to watch for include advancements in biogas technology and policy incentives for renewable energy, which could further drive the demand in the chemical and petrochemical sectors.