The biofuels consumption in Finland stood at 55.33 Petajoules in 2023. Analyzing the forecasted data from 2024 to 2028, we observe a year-on-year increase as follows: 11.2% in 2024, 11.1% in 2025, 9.9% in 2026, 9% in 2027, and 8.2% in 2028. Over the past two years (2023 to 2025), the average consumption growth rate is 11.15%. The compound annual growth rate (CAGR) from 2024 to 2028 is 10.28%, reflecting a robust upward trend in biofuels consumption in Finland.
Future trends to watch for include advancements in biofuel production technology, government policies promoting renewable energy, and shifts in global energy markets that could affect biofuel demand and supply. The transition to greener energy sources and potential innovation in biorefinery processes may further boost consumption, aligning with Finland's sustainable energy goals.