In 2023, the final consumption of pure biodiesels in Germany stood at 18.0 thousand metric tons. Looking at the forecast from 2024 to 2028, there is a consistent increase in consumption, with a year-on-year growth of approximately 14.3% on average. Specifically, the consumption is expected to reach 33.0 thousand metric tons by 2028, marking a compound annual growth rate (CAGR) of 13.3% over the five-year period.
Future trends to watch for:
- The potential impact of government policies aimed at reducing carbon emissions.
- Technological advancements in biodiesel production that may drive efficiency and cost-effectiveness.
- Changes in global oil prices that could influence biodiesel competitiveness.