Analysis:
From 2013 to 2023, bioenergy final consumption in the wood and wood products sector in Turkey has shown significant growth, moving from 61.07 Terajoules to 264.96 Terajoules in 2023. The year-on-year variation has fluctuated significantly, with notable peaks such as 272.02% in 2013 and 76.38% in 2016, as well as lower dips like -45.09% in 2014. The average annual growth (CAGR) over the last five years leading up to 2023 stands at 30.52%, indicating a robust upward trend.
The past two years have seen a more moderate but steady increase, with a 18.81% rise in 2022 and a 15.75% rise in 2023, reflecting continued growth in sectoral consumption.
Future Trends:
Looking forward to 2028, the forecasted data implies a slower but still significant growth rate with a forecasted 5-year CAGR of 8.03% and an overall growth of 47.11%. Monitoring regulatory changes, advancements in bioenergy technology, and market demand will be crucial in accurately predicting future trends in the sector.