Bioenergy production in Sweden stood at 140.14 Thousand Gigawatthours in 2023. Analyzing the year-on-year variations, there have been fluctuations with notable growth in certain years such as 2021 (7.87%) and more modest increases in 2019 (3.27%) and 2015 (3.06%). However, there were also years with minor declines like 2018 (-0.93%) and 2022 (-0.5%). From 2021 to 2022, bioenergy production varied by -0.5%, while from 2022 to 2023 it increased by 1.6%. The compound annual growth rate (CAGR) over the past five years (2018-2023) was 2.66%, indicating a steady annual growth on average.
Looking ahead, the forecasted data suggests a consistent growth trend, with bioenergy production expected to reach 150.83 Thousand Gigawatthours by 2028. The forecasted five-year CAGR (2024-2028) is 1.17%, marking a growth rate of 5.98% over this period. The market appears to be expanding albeit at a gradually slower pace.
- Increasing adoption of advanced bioenergy technologies and governmental policies supporting renewable energy.
- Potential volatility in global energy markets affecting production costs and supply chain dynamics.
- Impact of climate change policies and international agreements on national bioenergy targets.
