The final consumption of primary solid biofuels in the industry in Sweden saw a steady increase from 2013 to 2023, with 2023 standing at 53.27 Thousand Gigawatthours. Year-on-year analysis shows fluctuations with notable changes like an 8.02% increase in 2020 and a relatively modest 1.15% growth in 2023. The compound annual growth rate (CAGR) from 2018-2023 was 2.04%, indicating robust growth over these years.
Future trends in the forecast period (2024-2028) suggest continued, albeit slower growth. The forecasted CAGR over the next five years is 0.85%, resulting in a 4.34% total growth over this period. By 2028, the consumption is expected to rise to 56.21 Thousand Gigawatthours.
Future trends to monitor include:
- Potential regulatory changes favoring renewable energy sources.
- Technological advancements in biofuel production and utilization.
- Evolving market dynamics influenced by shifts in global energy policies.
- Industry-specific biofuel adoption rates and sustainability initiatives.