In 2023, the consumption of renewables and biofuels in the Italian fishing sector was slightly below 1.52 thousand terajoules. Forecasts indicate a steady increase in consumption over the next five years, reaching 1.68 thousand terajoules by 2028. The year-on-year growth is consistent at about 2.63%, and the CAGR over the five-year period from 2024 to 2028 is approximately 2.56%.
Future trends to watch:
- Technological advancements enhancing efficiency in renewable energy utilization.
- Potential regulatory changes promoting cleaner fuel adoption in the fishing sector.
- Increased investment in biofuels triggered by global climate agreements.
- Market response to fluctuating costs of biofuel production.