The primary solid biofuels production in Poland has shown significant volatility from 2013 to 2023. The production volume in 2023 stood at 9.36 million tonnes of oil equivalent. The largest annual increase was observed in 2018 with a 49.22% year-on-year jump, followed by moderate fluctuations and a notable downturn in 2017. From 2018 onward, a general upward trend is visible, with smaller percentage variations. Over the last two years, there was a 3.14% increase in 2022 and a 2.22% increase in 2023. The compound annual growth rate (CAGR) over the last five years was 0.37%. Looking forward to the forecast period from 2024 to 2028, the production is expected to continue growing at a steady pace with a 5-year CAGR of 1.59%, resulting in an 8.23% overall growth by 2028.
Future trends to watch for include technological advancements in biofuel production, government policies encouraging renewable energy consumption, and potential fluctuations in global oil prices which may affect biofuel demand. These factors could significantly influence the overall production trends and market dynamics in Poland’s biofuel sector in the coming years.
