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World - Biodiesel - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Biodiesel - Market Analysis, Forecast, Size, Trends And Insights

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May 10, 2021

The Global Biodiesel Market Retains Robust Growth Despite the Pandemic and Low Oil Prices

IndexBox has just published a new report: 'World - Biodiesel - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

Neither the pandemic nor the low oil prices succeeded in slowing the growth of the global biodiesel market. As economies worldwide start to recover from the Covid crisis, and environmental concerns increase, the demand is set to remain robust in 2021.

Key Trends and Insights

In 2020, the demand for biodiesel declined to 39.5M tons after five years of solid growth, largely a result of reduced transport activity during the pandemic. In 2021, global biodiesel consumption started to recover robustly. Despite the low prices for conventional types of fuel, the global energy market is striving to adhere to the Paris Agreement by reducing greenhouse gas emissions and making a shift towards using sustainable forms of energy, which is to promote the use of biofuels.

The European market became especially attractive for Asian exporters in the first half of 2021: local biofuel producers were forced to cut output against high prices in the EU for vegetable oils. The biofuel shortage in Europe could be offset by supplies of palm oil from Indonesia and Malaysia, but in 2019, the European Union intended to secure the gradual phasing out of palm oil as a viable fuel. This is spurred by the concern regarding tropical rainforests destroyed while expanding palm plantations, which depreciates any positive effect for the environment that could be achieved from the use of biofuel.

In 2021, American biofuel producers initiated a rapid rise in production but faced the risk of a shortage of raw materials. Assuming the demand for biodiesel to increase, the USA plans to see a fivefold increase in biofuel production capacity by 2024.

The global demand for fuels is set to increase along with the recovery of the global economy from the pandemic. Rising environmental concerns worldwide become a new powerful trend transforming the global energy market. Since biodiesel meets the green agenda, it should enjoy accelerated market growth in the medium term. It is forecast that the biodiesel market is set to develop at an average annual rate of +4.9% through to 2030, to approx. 63М tons.

Biodiesel Consumption by Country

The countries with the highest volumes of biodiesel consumption in 2020 were Indonesia (6.2M tons), the U.S. (5.6M tons) and Brazil (5.4M tons), together comprising 44% of global consumption.

In value terms, Brazil ($5.8B), Indonesia ($5B) and the U.S. ($4.7B) constituted the countries with the highest levels of market value in 2020, together accounting for 42% of the global market.

The countries with the highest levels of biodiesel per capita consumption in 2020 were the Netherlands (55 kg per person), France (40 kg per person) and Spain (34 kg per person).

Biodiesel Exports and Imports by Country

In 2020, overseas shipments of biodiesel decreased by -11.8% to 16M tons for the first time since 2015, thus ending a four-year rising trend. In value terms, biodiesel exports fell to $15.9B (IndexBox estimates) in 2020.

In 2020, the Netherlands (4.7M tons), distantly followed by Germany (2.3M tons), Belgium (1.6M tons), Spain (1.5M tons) and Argentina (0.8M tons) were the key exporters of biodiesel, together comprising 66% of total exports. The following exporters - China (665K tons), Malaysia (564K tons), Bulgaria (494K tons), the U.S. (476K tons), Canada (397K tons), France (397K tons), Poland (365K tons) and Italy (265K tons) - together made up 22% of total exports.

Among the main exporting countries, China (+51.3% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

In 2020, after five years of growth, there was a significant decline in supplies from abroad of biodiesel, when their volume decreased by -7.4% to 16M tons. In value terms, biodiesel imports contracted modestly to $15.9B in 2020.

In 2020, the Netherlands (3.9M tons), distantly followed by Belgium (1.8M tons), Germany (1.5M tons), Spain (1.2M tons), the UK (1.1M tons), France (1.1M tons), Italy (1.1M tons) and China (0.8M tons) were the key importers of biodiesel, together making up 77% of total imports. The U.S. (674K tons), Canada (518K tons), Poland (319K tons) and Bulgaria (276K tons) took a little share of total imports.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global biodiesel market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20595997 - Biofuels (diesel substitute)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Cosan, Renewable Energy Group, Verbio, Green Plains, Aemetis, Gevo, American Resources, Green Plains Partners, REX American Resources, Targray, R.W. Davis Oil Co., Merrimac Energy Group, Dreyfus, Aemetis, Inc., Shipley Energy, Hightowers Petroleum Co., SK Chemicals America, Alternative Petroleum Technologies, Golden Leaf Energy, Taylor Oil Co., Seaport Refining, 0 Energy, Pacific Biodiesel Technologies, Phoenix Petroleum Co., Western States Petroleum, KCA Solar Power Generating Company Ltd, Piedmont Biofuels Industrial, GPM Empire, Delek US Holdings Inc., RKA Petroleum Companies, Sunpol Resins & Polymers, Ricochet Fuel Distributors

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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