Biodiesel Market in the United States
In value terms, biodiesel production reduced notably to $ in . In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by %. As a result, production reached the peak level of $. From 2018 to , production growth remained at a lower figure.
The size of the biodiesel market in the United States declined dramatically to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2017; however, from 2018 to , consumption failed to regain momentum.