From 2013 to 2023, Germany's primary solid biofuels gross electricity production showed fluctuations, fluctuating around the 38-40 thousand terajoule mark. The production saw a noticeable peak in 2020 with a value of 40.7 thousand terajoules, followed by a downward trend, reaching 38.07 thousand terajoules in 2023, indicating a 1.56% decrease year-on-year from 2022. Over the 5-year period ending in 2023, the Compound Annual Growth Rate (CAGR) was approximately -0.91%.
From 2024, the forecast data indicates a continued steady decline in production levels, ending at 35.15 thousand terajoules by 2028. This suggests a projected 5-year CAGR of -1.27%, equating to a total decrease of approximately 6.2% over this period.
Future trends to watch for include developments in renewable energy policies, technological advancements in biofuel production, and market conditions that may affect biofuel demand and substitution. Additionally, sustainability goals and environmental regulations will likely play a significant role in shaping the biofuels sector in the coming years.