The forecast for renewable and biofuel consumption in agriculture and forestry in France indicates a consistent upward trend from 2024 to 2028. In 2023, the consumption stood at 465.6 thousand tonnes of oil equivalent. The forecasted year-on-year growth rates show incremental increases: 5.36% for 2025, 5.06% for 2026, 4.79% for 2027, and 4.56% for 2028. The compound annual growth rate (CAGR) is projected at approximately 5% for this five-year period.
Future trends to watch:
- Technological advancements enhancing biofuels and renewable energy efficiency.
- Policy changes and government incentives supporting sustainable agriculture.
- Increased investment in renewable energy infrastructure and research.
- Impact of global energy prices and geopolitical factors on renewable energy adoption rates.