Forecast: Imports of Renewables and Biofuels in France

The projected imports of renewables and biofuels in France are set to rise from 2.57 million tonnes of oil equivalent in 2024 to 3.4 million tonnes by 2028. This represents a steady annual growth in imports, with year-on-year increases averaging around 7% to 8%. The compound annual growth rate (CAGR) over the five-year period stands at approximately 7.85%. In 2023, the import volume was significantly lower, marking the importance of forecasted escalations in demand.

Future trends to watch for include:

  • Increased investment in renewable energy infrastructure to support growing imports.
  • Policy changes and incentives that further boost the use of biofuels.
  • Potential fluctuations due to international market dynamics and trade agreements.
  • Continued technological advancements in renewable energy that could alter import patterns.

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