The biofuels production market in Latin America was valued at close to 28 billion U.S. dollars in 2023 and is expected to be worth more than 30 billion U.S. dollars by 2025.
More information on the biofuels production market can be found here.
Market value of biofuels production in Latin America from 2021 to 2023, with a forecast until 2030
(in billion U.S. dollars)
Characteristic
Market value in billion U.S. dollars
2021
25.51
2022
26.61
2023
27.81
2024*
29.13
2025
30.59
2026
32.22
2027
34.05
2028
36.13
2029
38.51
2030
41.28
Created with Highcharts 7.2.2Market value in billion U.S. dollars25.5125.5126.6126.6127.8127.8129.1329.1330.5930.5932.2232.2234.0534.0536.1336.1338.5138.5141.2841.282021202220232024*202520262027202820292030
01020304050
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Extrapolate. (April 30, 2024). Market value of biofuels production in Latin America from 2021 to 2023, with a forecast until 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 19, 2025, from https://www.statista.com/statistics/1464995/latin-america-biofuels-market-size/
Extrapolate. "Market value of biofuels production in Latin America from 2021 to 2023, with a forecast until 2030 (in billion U.S. dollars)." Chart. April 30, 2024. Statista. Accessed February 19, 2025. https://www.statista.com/statistics/1464995/latin-america-biofuels-market-size/
Extrapolate. (2024). Market value of biofuels production in Latin America from 2021 to 2023, with a forecast until 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 19, 2025. https://www.statista.com/statistics/1464995/latin-america-biofuels-market-size/
Extrapolate. "Market Value of Biofuels Production in Latin America from 2021 to 2023, with a Forecast until 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/1464995/latin-america-biofuels-market-size/
Extrapolate, Market value of biofuels production in Latin America from 2021 to 2023, with a forecast until 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1464995/latin-america-biofuels-market-size/ (last visited February 19, 2025)
Market value of biofuels production in Latin America from 2021 to 2023, with a forecast until 2030 (in billion U.S. dollars) [Graph], Extrapolate, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/1464995/latin-america-biofuels-market-size/
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