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)
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Extrapolate. (April 30, 2024). Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1465037/global-biofuels-market-size-by-fuel-type/
Extrapolate. "Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars)." Chart. April 30, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1465037/global-biofuels-market-size-by-fuel-type/
Extrapolate. (2024). Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1465037/global-biofuels-market-size-by-fuel-type/
Extrapolate. "Market Value of Biofuels Production Worldwide from 2021 to 2023, with a Forecast until 2030, by Fuel Type (in Billion U.S. Dollars)." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/1465037/global-biofuels-market-size-by-fuel-type/
Extrapolate, Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1465037/global-biofuels-market-size-by-fuel-type/ (last visited November 22, 2024)
Market value of biofuels production worldwide from 2021 to 2023, with a forecast until 2030, by fuel type (in billion U.S. dollars) [Graph], Extrapolate, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/1465037/global-biofuels-market-size-by-fuel-type/
