Blended biodiesel availability in Spain, measured in thousand tonnes of oil equivalent, exhibited significant fluctuations between 2013 and 2023. Notably, after a sharp increase of 24% in 2016 and 30.9% in 2018, the value decreased slightly by 0.9% in 2019 and declined by 15.25% in 2020. However, there was recovery with an 18.11% rise in 2022 and a 5.46% increase in 2023, standing at 1,580 in 2023. Over the past five years, the compound annual growth rate (CAGR) was low at 0.74%.
The forecasted data from 2024 to 2028 anticipates a moderate increase in biodiesel availability, with an average annual growth rate of 1.61%, leading to an expected growth rate of 8.31% over these five years.
Future trends to watch for include technological advancements in biodiesel production, government policies promoting renewable energy, and potential fluctuations in crude oil prices that could impact biodiesel demand and consumption patterns in Spain. Monitoring these factors will be crucial for anticipating market dynamics in the coming years.
