The bioenergy supply in Finland has seen a general upward trend from 2013 to 2023, peaking at 467.8 thousand terajoules in 2021 before experiencing a slight decline and then stabilizing around 446.56 thousand terajoules in 2023. The year-on-year variations highlight periods of volatility, notably a significant drop of 7.51% in 2020 followed by a robust recovery of 16.65% in 2021. Over the last five years, the compound annual growth rate (CAGR) was 0.98%, indicating a modest average annual growth. Moving forward, the bioenergy supply is forecasted to continue its upward trend, with a predicted CAGR of 1.21% from 2024 to 2028, resulting in a total increase of 6.21% over this period.
Future trends to watch for:
- Technological advancements in bioenergy production that could enhance efficiency and output.
- Government policies and incentives aimed at increasing renewable energy utilization.
- Potential market disruptions or innovations that could influence the supply and demand dynamics of bioenergy.
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