In 2023, Thailand led global biodiesel consumption among the countries listed, with 2.06 billion liters. Argentina followed, with 1.07 billion liters, and South Korea consumed 0.74517 billion liters of biodiesel. In contrast, Colombia and Peru recorded lower consumption levels at 0.5794 and 0.32944 billion liters, respectively, while Ukraine, South Africa, Israel, and Nigeria showed negligible figures. Thailand and Argentina have experienced significant upticks, while South Korea faces a slight decrease. Specifically, between 2023 and 2030, Thailand sees a 66% rise; Argentina shows substantial growth at 248%, with Colombia and Peru also increasing.
Future trends to watch in global biodiesel consumption include:
- Increasing investment in sustainable energy in Asia, driven by Thailand's growth trajectory.
- Enhanced demand for biodiesel in South America, focused on Argentina.
- Stagnation in regions like Ukraine, South Africa, Israel, and Nigeria, likely to persist without policy intervention.
- Potential shifts influenced by global climate agreements and the transition to renewable energy sources.
Top countries in Biodiesel Consumption by Country
| # | 9 Countries | Million Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Thailand | 2,060 | 2030 | +0.68% | +0.66% | View data |
| 2 | 2 Argentina | 1,070 | 2030 | +2.61% | +2.48% | View data |
| 3 | 3 South Korea | 745.17 | 2030 | -0.25% | -0.28% | View data |
| 4 | 4 Colombia | 579.4 | 2030 | +1.81% | +1.77% | View data |
| 5 | 5 Peru | 329.44 | 2030 | +1.79% | +1.85% | View data |
| 6 | 6 Ukraine | 0.001 | 2030 | 0% | 0% | View data |
| 7 | 7 South Africa | 0.001 | 2030 | 0% | 0% | View data |
| 8 | 8 Israel | 0.001 | 2030 | 0% | 0% | View data |
| 9 | 9 Nigeria | 0.001 | 2030 | 0% | 0% | View data |
