The bioenergy final consumption in the wood and wood products sector in Finland has shown significant fluctuations over the past decade. In 2023, the consumption stood at 4.19 Thousand Gigawatthours, reflecting a slight decrease by 0.014% compared to the previous year. Over the last two years, the consumption varied with a significant increase of 12.84% in 2021, followed by a small decline in subsequent years. Over the last five years, the average annual growth rate (CAGR) was moderate at 2.09%. Although 2023 showed stability, the forecasted data indicates a steady level of consumption at 4.19 Thousand Gigawatthours through to 2028, suggesting minimal growth with a forecasted 5-year CAGR of -0.01%.
Future trends to watch for:
- Potential policy changes and incentives in Finland that could impact bioenergy consumption.
- Advancements in bioenergy technology that may alter efficiency and consumption patterns.
- Global economic factors that could influence wood and wood product sectors and related energy use.