The gross available energy from primary solid biofuels in the Netherlands experienced considerable fluctuations from 2013 to 2023. Starting at 1.24 million tonnes of oil equivalent in 2013, it reached 3.45 million tonnes of oil equivalent by 2023. The year-on-year variations show notable increases, especially between 2019 and 2023, with the compound annual growth rate (CAGR) of 23.51% in this period. Specifically, the spike of 44.98% in 2020 and sustained double-digit growth from 2021 onwards highlighted a significant upward trend.
Looking ahead to the forecast period from 2024 to 2028, the anticipated CAGR is 3.02%, with an expected growth rate of 16.01% over these five years. This suggests a steady but more moderated expansion compared to the previous years.
Future trends to watch for:
- Technological advancements in biofuel production methods.
- Policy changes and incentives for renewable energy sources.
- Environmental regulations impacting the biofuel industry.
- Market demand shifts towards greener energy alternatives.
