The blended biodiesel transformation output in Spain has shown considerable fluctuations over the past decade. From 2013 to 2018, the sector saw modest increases followed by a significant rise in 2018, reaching 63.87 thousand terajoules. This growth phase peaked around 2019 but faced setbacks by 2020 with a notable decline to 53.65 thousand terajoules. The years 2021 and 2022 marked a gradual recovery, and by 2023, the output stood at 63.31 thousand terajoules.
The year-on-year variation for 2023 was 3.15%, a recovery but still minor compared to earlier growth spurts. The recent 5-year CAGR registered at -0.18%, signaling a stabilization rather than aggressive growth.
Forecast data suggest that from 2024 to 2028, the output will grow marginally with a forecasted 5-year CAGR of 0.01% and overall growth of 0.03%, indicating a period of stability rather than fluctuation. Future trends to watch for include policy changes favoring renewable energy, advancements in biodiesel technology, and variations in global biodiesel demands that could influence domestic production strategies.
