Forecast: Biofuels Consumption in France

In 2023, biofuels consumption in France stood at 68.67 thousand barrels of oil equivalent per day. From 2024 to 2028, consumption is forecasted to grow steadily, with year-on-year increases ranging between 2.06% and 2.38%. Notably, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected at approximately 2.54%, reflecting consistent growth in biofuels utilization.

Future trends to watch for include:

  • Policy changes by the French government and the EU that could further incentivize biofuels usage.
  • Technological advancements in biofuel production that could enhance efficiency and reduce costs.
  • Shifts in consumer demand driven by increased environmental awareness or economic factors.
  • Global oil market fluctuations influencing biofuel competitiveness.

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