The consumption of primary solid biofuels in agriculture and forestry in Denmark stood at 54.19 Thousand Tonnes Of Oil Equivalent in 2023. Since 2013, the values have exhibited a relatively stable trend with minor fluctuations. From 2013 to 2020, consumption experienced slight increases and decreases, culminating in a notable rise in 2021 with an 8.2% year-on-year variation. Yet, the subsequent years saw marginal declines.
Over the past two years (2022-2023), there was a subtle downward trend with year-on-year variations of -0.29% and -0.26%, respectively. The 5-year CAGR (2019-2023) averaged at 0.84%, indicating modest growth over that period.
Looking ahead, the forecast suggests a gradual decline in biofuel consumption, with a projected 5-year CAGR of -0.15% and an overall 5-year growth rate of -0.73% by 2028. Future trends to watch for include advances in biofuel technology, regulatory changes, and shifts in energy policies that could influence these projections.