Biomass consumption in the United Arab Emirates has shown significant fluctuations over the years. In 2013, it peaked at 22.48 units, only to plummet by 51.16% in 2014. The following years saw varied changes, with notable declines in 2016 and 2017, followed by a slight recovery in 2018. By 2019, the consumption had settled around 10.81 units and remained relatively stable, showing minor yearly variations. As of 2023, biomass consumption stood at 10.76 units. The last two years recorded year-on-year declines of 0.37%. The Compound Annual Growth Rate (CAGR) over the past five years is -1.61%, indicating a slight but persistent decline.
Future trends between 2024 and 2028 project a further decline, with an anticipated 5-year CAGR of -0.28%. It's critical to monitor:
- Government policies on renewable energy
- Technological advancements in biomass energy
- Market demand and investment trends