In 2023, Germany's import of biofuels (diesel substitute) was approximately 1.1695 billion kilograms. The forecast from 2024 to 2028 indicates a steady increase, with projections reaching 1.3078 billion kilograms in 2028. The year-on-year growth is relatively stable at around 2.4%-2.6%, reflecting consistent demand increases for biofuels. Over the forecasted period, the compound annual growth rate (CAGR) averages to about 2.3%, suggesting a moderate but sustained growth pattern.
Future trends to watch for:
- Regulatory changes in environmental policies could accelerate growth.
- Technological advancements in biofuel production may influence import volumes.
- Market shifts towards alternative renewable energy sources could impact demand.
