The production of primary solid biofuels in Denmark showed fluctuation from 2013 to 2023. In 2023, the production stood at 18.04 Thousand Gigawatthours. The highest production occurred in 2016 with 19.01 Thousand Gigawatthours, followed by a period of decline and stabilization. Year-on-year variations ranged from a 6.09% increase in 2021 to a 6.04% decrease in 2019. The CAGR over the past five years was -0.48%, indicating a slight overall decrease.
Future trends suggest a modest recovery and growth in primary solid biofuels production. Forecasts from 2024 to 2028 indicate an average annual growth rate of 0.79%, with total production reaching 18.96 Thousand Gigawatthours by 2028.
Key trends to watch include:
- Technological advancements in biofuel production increasing efficiency.
- Government policies and regulations impacting the biofuel sector.
- Shifts in energy consumption patterns favoring renewable sources.
