Between 2013 and 2023, the availability of blended biodiesels for final consumption in Sweden showed a significant upward trend, starting from 13.35 thousand terajoules in 2013 to 59.9 thousand terajoules in 2023. This translates to a robust CAGR of 10.01% over the past five years, despite some fluctuations. A notable increase occurred in 2015, 2017, and 2019, with year-on-year growth rates of 59.26%, 55.38%, and 31.52%, respectively. Conversely, years like 2018 and 2020 saw declines of -22.32% and -23.93%, respectively.
In recent years, the growth has stabilized with 2021 experiencing a significant 42.17% increase amidst the global push for renewable energy, but 2022 saw a slight dip at -1.98%. The year 2023's growth rebounded with a 15.56% increase, indicating a return to positive growth trends.
Looking forward to the next five years up to 2028, the forecasted CAGR for blended biodiesels is 5.76%, with an expected increase of 32.29% over this period. This suggests a steady, though moderate, growth trajectory driven by continued investments in renewable energy infrastructure and regulatory support for biodiesel.
Future trends to watch for include advancements in biodiesel production technology, government policies on renewable energy targets, and potential market disruptions from new alternative fuels. Additionally, global trends in oil prices and sustainability initiatives will significantly impact Sweden's biodiesel consumption patterns.
