Forecast: Motor Gasoline (Excluding Biofuel Portion) Refinery Output in the UK

The data on motor gasoline refinery output in the UK, excluding the biofuel portion, reveals a general downward trend from 2013 to 2023. In 2023, the output stood at 687.66 Thousand Terajoules, reflecting a year-on-year decrease of 1.63% from the previous year, and a 5-year compound annual growth rate (CAGR) of -1.48%. From 2013 to 2023, notable years include 2014, which saw a significant drop of 11.2%, and 2015, which experienced a recovery with a 7.56% increase. However, subsequent years generally maintained a gradual decline, with minor fluctuations.

Future Trends to Watch:

  • The 5-year forecast CAGR from 2023 to 2028 is predicted to be -1.43%, suggesting a continued slow decline.
  • By 2028, the output is expected to drop further to 628.15 Thousand Terajoules, marking an overall forecasted decrease of 6.96% over the next five years.
  • Factors such as advancements in alternative energy sources, regulatory changes, and shifts in consumer behavior towards more sustainable fuels could further impact the forecast.

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