In 2023, the consumption of primary solid biofuels in Italy's textile and leather sector was lower than the forecasted 1.84 GWh for 2024. From 2024 to 2028, consumption shows a consistent upward trend, increasing annually. The year-on-year growth rates from 2024 to 2025, 2025 to 2026, 2026 to 2027, and 2027 to 2028 demonstrate stable increments of approximately 3-4% yearly. Over the five-year period ending in 2028, the compound annual growth rate (CAGR) is around 2.6%.
Future trends to watch for:
- Potential shifts to increased renewable energy sources, which could accelerate biofuel consumption.
- Technological advancements in biofuel production that may impact supply and pricing.
- Regulatory changes or incentives that may affect biofuel usage in industrial sectors.