Global's biofuels market value 2021-2030, by fuel type

Published by Statista Research Department, May 7, 2024

Ethanol has by far the highest production market value of any biofuel worldwide. In 2023, ethanol production had a market value of nearly 80 billion U.S. dollars. This compared to a little over 25 billion U.S. dollars for biodiesel.

More information on the biofuels production market can be found here.

Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars)

Loading statistic...

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

In cooperation with
Release date

April 2024

Region

Worldwide

Survey time period

2021 to 2023

Supplementary notes

*Figures underlie the following CAGR assumptions for 2024 to 2031: 

Ethanol - 5.5 percent 
Biodiesel - 6.65 percent 
Renewable Diesel - 8.89 percent
Biojet fuel - 8.01 percent
Others - 7.61 percent

Citation formats
Statista Accounts: Access All Statistics. Starting from $2,388 USD / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Starter Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$199 USD / Month *
Professional Account
Full access

Business Solutions including all features.

* Prices do not include sales tax.

Statistics on " Biofuel industry worldwide "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Biofuel industry worldwide

Overview

4

Ethanol

5

Biodiesel

8

Trade & prices

6

Companies

5

Outlook

2

Further Content: You might find this interesting as well

Topics

Biofuel industry in Europe
Statista Accounts: Access All Statistics. Starting from $2,388 USD / Year
Learn more about how Statista can support your business.
Menu