The share of biomass in Australia's total domestic material consumption has seen a consistent decline from 39.09 in 2013 to 30.57 in 2023. This trend indicates a gradual shift away from biomass towards other materials. In 2023, the share stood at 30.57, reflecting a -1.59% decrease from 2022. The year-on-year percentage variation shows a consistent decline, averaging -1.75% over the past two years. Over the past five years, the compound annual growth rate (CAGR) has been -1.47%, leading to an overall decline of 7.13% by 2028.
Future trends to watch for include potential policy changes promoting renewable energy, technological advancements in alternative materials, and shifts in industry practices that may further reduce biomass consumption or stabilize its share in the total domestic material consumption.