The final consumption of primary solid biofuels in the transport equipment sector in France has experienced notable fluctuations over the past decade. From 2013 to 2023, the consumption saw a significant rise from 2.7 to 6.7 thousand tonnes of oil equivalent. This growth has been characterized by periods of rapid increase, such as in 2014 with a 161.01% rise, and steep declines, notably a -29.94% drop in 2018. In recent years, the sector has shown more stability, with a minor increase of 2.86% in 2023 as compared to the previous year.
Over the last two years, the sector has displayed more stabilization, showcasing a consistent, if slight, growth trend. The last five years indicate a compound annual growth rate (CAGR) of 7.59%, suggesting resilient average year-on-year growth.
Future trends indicate that from 2024 onwards, the forecasted data suggests continued moderate growth with an anticipated CAGR of 2.04% through 2028. This sustained increase, around 10.62% overall growth over the next five years, highlights a steady progression in the sector.
- Growth from 2.7 to 6.7 thousand tonnes of oil equivalent from 2013 to 2023.
- Significant year-on-year variations, including a 161.01% increase in 2014.
- Recent year stabilization with 2.86% growth in 2023.
- Forecasted continuous growth with a CAGR of 2.04% through 2028.
Future trends to watch for include technological advancements in biofuel efficiency, fluctuations in oil prices affecting biofuel competitiveness, and regulatory changes promoting renewable energy use in transport.