The availability of blended biodiesels for final consumption in Finland has demonstrated significant variability over the past decade. From 2013 to 2023, the actual figures reflect fluctuations, with notable increases in 2014 and 2021 followed by dips, such as in 2016 and 2022. In 2023, biodiesel consumption stood at 4.21 Thousand Gigawatthours, indicating a 7.62% increase from the previous year. The most recent CAGR over the last five years is 5.18%, suggesting moderate growth.
Looking ahead, forecasted data from 2024 to 2028 suggest a steady upward trend in blended biodiesel availability, with a forecasted 5-year CAGR of 3.43% and an overall growth rate of 18.39% by 2028. The growth rate demonstrates optimism for the continued adoption and integration of biofuels.
Future trends to watch for include advancements in biodiesel production technologies, governmental policy changes regarding renewable energy incentives, and fluctuations in global energy markets which may impact the availability and consumption of biodiesel in Finland.