The forecast for UK naphtha imports indicates a gradual increase from 2.04 MTOE in 2024 to 2.28 MTOE by 2028. The year-on-year growth is consistent at approximately 2.94%, reflecting a steady rise in import volumes. In 2023, the actual imports were slightly lower, indicating a continual demand growth. The compound annual growth rate (CAGR) over the forecast period maintains this upward trajectory, revealing positive market trends driven by increasing industrial and chemical manufacturing needs.
Future trends to watch for include potential policy changes impacting energy imports, shifts in global naphtha supply chains, and advancements in alternative fuel technologies which may affect long-term demand.
