The blended biodiesels final consumption in the German industry exhibited significant trends from 2013 to 2023. Initially at zero consumption from 2013 to 2017, the value surged to 545.62 Gigawatthours in 2018. The period saw fluctuations with a notable rise in 2020, a dip in 2021, and a steady increase to 830.26 Gigawatthours by 2023. The year-on-year variation showed a stark increase in 2020 (+51.71%), a decline in 2021 (-17.32%), followed by recovery in 2022 (+15.35%) and a moderate growth in 2023 (+5.03%). The five-year CAGR from 2019 to 2023 was 8.76%.
Looking ahead, the forecast data for 2024 to 2028 indicate a continuing upward trend with an average annual growth rate (CAGR) of 1.69%. By 2028, the consumption is projected to reach 937.26 Gigawatthours, representing a forecasted five-year growth of 8.72%.
Future trends to watch for:
- Policy changes and government incentives impacting biodiesel adoption.
- Technological advancements improving biodiesel efficiency.
- Fluctuations in fossil fuel prices influencing industrial switch to biodiesel.
- Environmental regulations driving sustainability efforts and biodiesel use.