The gross inland consumption of primary solid biofuels in the Netherlands has shown significant growth from 2013 to 2023. In 2023, the consumption stood at 3.45 million tonnes of oil equivalent. The year-on-year variation has been quite dynamic, with notable peaks in 2019 (29.5%), 2020 (44.98%), and 2021 (21.75%). The last two years saw growth rates of 14.29% in 2022 and 10% in 2023. The compound annual growth rate (CAGR) for the past five years is 23.51%, indicating a strong upward trend.
The forecasted data from 2024 to 2028 suggests a continued but slightly moderated growth trajectory. The projected CAGR over these five years stands at 3.02%, which translates to an overall growth rate of 16.01% by 2028. This suggests a sustained interest and investment in solid biofuels, although at a slower pace than the previous five years.
Future trends to watch for include:
- Technological advancements in biofuel production leading to more efficient processes.- Policy changes and government incentives aimed at promoting renewable energy sources.- Competition from other renewable energy sources, such as wind and solar, which may impact biofuel consumption.- The impact of global energy prices on the investment and consumption of biofuels in the Netherlands.
