In the 5th calendar week of 2025 (January 27 to February 2) the wholesale price of biodiesel in Germany stood at 171.29 euro cents per liter. Throughout 2024, prices were a lot less volatile than in previous years. In the period of consideration, figures peaked at 249.89 euro cents per metric ton in the calendar week 44 of 2021, and reached a low of 121.5 euro cents per metric ton in the first calendar week of 2021. Germany’s producer price of biodiesel is often regarded as the global benchmark for the fuel. Germany’s role in the biodiesel economy Germany is among the leading producers of biodiesel worldwide. With a production of more than four billion liters, it ranks only behind producing giants like Indonesia, Brazil, and the United States. Biodiesel use is especially prevalent in the European Union, where mandates stipulate the exact share of renewable fuel that needs to be included in transportation fuels. Germany is the second largest consumer of biodiesel in the EU, following France. FAME biodiesel and renewable diesel Besides the more ubiquitous FAME (fatty acid methyl ester) biodiesel, Finnish oil refiner Neste introduced a different kind of vegetable oil-based renewable diesel, also called HVO (hydrotreated vegetable oil), that results in an even purer quality product. Unlike FAME biodiesel, renewable diesel may be used as a drop-in for conventional diesel, making it especially attractive to the transportation industry. Since first appearing on the market, Neste’s renewable diesel sales volume has reached more than three million liters per year. In 2024, Germany followed other EU countries and adopted a new law that would allow the sale of 100 percent renewable diesel fuel at pump stations.

The mean B20 retail fuel prices in the United States amounted to 3.18 U.S. dollars per gasoline gallon equivalent on October 1, 2024. This compared to 3.24 U.S. dollars for regular diesel fuel, making it the lowest price for such fuels since January 2022. B20 fuel is a diesel blend with 20 percent with biodiesel content. The higher the biodiesel content, the more expensive the fuel on the retail market. B100 sold for a mean retail price of 3.96 U.S. dollars in October 2024. B20 has been the cheapest option since October 2017.

In the North American market during the fourth quarter of 2024, Biodiesel prices displayed a notable upward trend despite varying market conditions. Throughout the quarter, there was a consistent increase in prices, with a quarter-on-quarter rise of 4%, reflecting a robust and resilient market. The primary drivers for this increase were the rising production costs, notably due to higher feedstock prices such as soybean oil, and the continuing supply chain disruptions that limited availability. Additionally, the regulatory environment, with evolving policies such as the Biodiesel Tax Credit Extension Act, played a pivotal role in influencing market dynamics.

Learn about the complex set of factors that determine the price of biodiesel per ton, including feedstock prices, production costs, market demand, and government policies. See how biodiesel compares to conventional diesel fuel and why it's a compelling alternative for many consumers and businesses.

Learn about the various factors that affect the cost of biodiesel per gallon, including feedstock, production method, location, taxes, and government incentives. Discover how biodiesel prices compare to traditional diesel fuel and how demand for renewable fuels can impact pricing.

In 2023, biodiesel imports into the United States surged to 1.7M tons, picking up by 116% compared with the previous year.

In February 2023, the average consumer price for biodiesel was around 1.5 euros per liter, while the price before taxes was around 0.86 euros per liter. The lowest average price for this type of fuel was reached in May 2020.

Learn about the various factors that influence the price of biodiesel, including feedstock costs, production and transportation expenses, government regulations and taxes, market demand, and competition with other alternative fuels.

Marketing Margin: GASOHOL95: E85 data was reported at 5.722 THB/l in 26 Mar 2025. This records a decrease from the previous number of 5.775 THB/l for 25 Mar 2025. Marketing Margin: GASOHOL95: E85 data is updated daily, averaging 4.223 THB/l from Feb 2009 (Median) to 26 Mar 2025, with 3764 observations. The data reached an all-time high of 12.526 THB/l in 11 Apr 2012 and a record low of -4.269 THB/l in 01 Dec 2010. Marketing Margin: GASOHOL95: E85 data remains active status in CEIC and is reported by Energy Policy and Planning Office, Ministry of Energy. The data is categorized under Global Database’s Thailand – Table TH.P024: Biofuel Reference Price .

Conservation Fund: GASOHOL95: E85 data was reported at 0.050 THB/l in 26 Mar 2025. This stayed constant from the previous number of 0.050 THB/l for 25 Mar 2025. Conservation Fund: GASOHOL95: E85 data is updated daily, averaging 0.100 THB/l from Feb 2009 (Median) to 26 Mar 2025, with 2700 observations. The data reached an all-time high of 0.250 THB/l in 20 Apr 2018 and a record low of 0.005 THB/l in 30 Nov 2022. Conservation Fund: GASOHOL95: E85 data remains active status in CEIC and is reported by Energy Policy and Planning Office, Ministry of Energy. The data is categorized under Global Database’s Thailand – Table TH.P024: Biofuel Reference Price .

Wholesale Price: LPG data was reported at 20.918 THB/kg in 26 Mar 2025. This stayed constant from the previous number of 20.918 THB/kg for 25 Mar 2025. Wholesale Price: LPG data is updated daily, averaging 15.706 THB/kg from Feb 2002 (Median) to 26 Mar 2025, with 4571 observations. The data reached an all-time high of 21.196 THB/kg in 22 Apr 2024 and a record low of 0.303 THB/kg in 30 Jan 2015. Wholesale Price: LPG data remains active status in CEIC and is reported by Energy Policy and Planning Office, Ministry of Energy. The data is categorized under Global Database’s Thailand – Table TH.P024: Biofuel Reference Price .

The world producer benchmark for biodiesel - Germany's producer price - stood at 134.39 U.S. dollars per hectoliter in 2023. This was a decrease of almost 29 percent compared to the previous year, when the price reached its peak at 187.77 U.S. dollars per hectoliter.

Biodiesel exports from Germany dropped slightly to 2.7M tons in 2023, declining by -1.9% compared with 2022 figures.

In 2023, the amount of biodiesel exported from Austria fell to 244K tons, with a decrease of -10.7% on the year before.

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Biodiesel Market Size 2024-2028

The biodiesel market size is forecast to increase by USD 16.71 billion at a CAGR of 7.38% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for renewable and sustainable energy sources. One of the key drivers is the growing use of algae for biodiesel production, which offers numerous advantages such as high oil yield and reduced greenhouse gas emissions. Soy oil and palm oil are the most commonly used feedstocks due to their availability and cost-effectiveness. Another trend in the market is the utilization of spent bleaching earth as a feedstock for biodiesel production, which not only reduces waste but also lowers production costs. However, the high operating costs of biodiesel production remain a major challenge for market growth. Producers must continuously explore ways to improve efficiency and reduce costs to remain competitive in the market. Overall, the market is expected to witness steady growth in the coming years, driven by increasing environmental awareness and government regulations promoting the use of renewable energy sources.

What will be the Size of the Biodiesel Market During the Forecast Period?

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The market represents a significant segment of the renewable biofuels industry, driven by the growing demand for environmentally friendly fuels In the transportation sector. With the increasing global population and the subsequent rise in vehicles on the road, there is a pressing need to reduce carbon emissions and dependence on fossil fuels. Biodiesel, derived from vegetable oils such as soybean oil, corn oil, canola oil, and animal tallow, among others, is a viable alternative to petroleum-based diesel fuels. The market is influenced by various factors, including feedstock selection, production capacity, and crude prices.
The market's size and direction are influenced by the adoption rate of biodiesel by Original Equipment Manufacturers (OEMs) and the availability of raw materials. The use of biodiesel in diesel engines reduces greenhouse gas emissions, making it an attractive option for consumers and governments alike. Global biodiesel consumption is expected to grow as more countries shift towards sustainable biofuels to mitigate their carbon footprint.

How is the Biodiesel Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Transport fuel
  Power generation
  Others


Type

  Vegetable oil
  Animal fats
  Others


Geography

  APAC

    India
    Thailand


  North America

    US


  Europe



  South America

    Brazil


  Middle East and Africa

By Application Insights

The transport fuel segment is estimated to grow significantly during the forecast period. Biodiesel serves as an eco-friendly alternative to traditional diesel fuel for internal combustion engines. In Europe, biodiesel dominates the biofuel market, accounting for over 80% of consumption, driven by its increasing adoption in the automotive sector. In India, the biodiesel industry is poised for growth due to substantial investments in manufacturing, with several states, such as Karnataka, utilizing biodiesel in public transportation to reduce greenhouse gas emissions. Vegetable oils, including soybean oil, corn oil, canola oil, animal fats like poultry fat and tallow, and feedstocks like palm oil and palm kernel oil, serve as raw materials for biodiesel production. The shift towards sustainable biofuels is driven by environmental concerns and increasing crude oil prices. Biodiesel is also used in power generation applications, further expanding its market reach.

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The Transport fuel segment was valued at USD 25.90 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Biodiesel production in Indonesia and India is experiencing growth due to government subsidies and mandates. In Indonesia, production has increased since 2016, driven by new subsidy calculations and domestic blending requirements. Exports remain marginal. In India, the expansion of biofuel plants and government incentives for oil manufacturing companies will boost biodiesel production during the forecast period. Vegetable oils, such as soybean oil, corn oil, and canola oil animal fats, incl

In 2023, imports of biodiesel into Canada skyrocketed to 794K tons, growing by 17% compared with the previous year.

For the fourth consecutive year, Iran recorded growth in purchases abroad of biodiesel, which increased by 0.5% to 5.4 tons in 2023.

M.Tax: FO 600 (1) 2%S data was reported at 0.064 THB/l in 26 Mar 2025. This stayed constant from the previous number of 0.064 THB/l for 25 Mar 2025. M.Tax: FO 600 (1) 2%S data is updated daily, averaging 0.064 THB/l from May 2008 (Median) to 26 Mar 2025, with 2853 observations. The data reached an all-time high of 0.142 THB/l in 08 Aug 2008 and a record low of 0.034 THB/l in 21 Mar 2016. M.Tax: FO 600 (1) 2%S data remains active status in CEIC and is reported by Energy Policy and Planning Office, Ministry of Energy. The data is categorized under Global Database’s Thailand – Table TH.P024: Biofuel Reference Price .

For the fourth year in a row, Brazil recorded growth in shipments abroad of biodiesel, which increased by 139% to 100K tons in 2023.

For the fourth consecutive year, China recorded growth in shipments abroad of biodiesel, which increased by 8.7% to 2M tons in 2023.