The trajectory of blended biodiesel consumption in Italy shows varied trends over the past decade. Despite some fluctuations between 2013 and 2020, a notable increase occurred from 2021 onward, culminating in 17.13 Thousand Gigawatthours by 2023. For 2022-2023, the consumption grew by 2.96%, reflecting steady growth. The 2024 forecast indicates further growth, with consumption expected to reach 17.62 Thousand Gigawatthours. The 5-year CAGR from 2019 to 2023 was 3.89%, showcasing consistent annual growth.
Future trends to watch for:
- Increasing regulatory support for renewable energies.
- Technological advancements in biodiesel production.
- Growing consumer demand for sustainable energy options.
- Potential impact of geopolitical factors on biofuel markets.