Key Market Indicators
British fuel imports are projected to climb to approximately 205,000 cubic meters by 2028, up from around 166,000 cubic meters in 2023. This marks an average annual growth rate of 3.3%. Historically, British fuel demand has increased at an average rate of 4.5% per year since 1970. On the export front, British fuel exports surged to nearly 51,000 cubic meters in 2018, a significant increase from about 20,000 cubic meters in 2017. This represents a dramatic growth of nearly 149% year on year. However, since 1975, British fuel supply has experienced a significant decline, dropping by an average of 33.4% annually.
