The consumption of primary solid biofuels in the UK industry has demonstrated significant growth over the past decade, rising from 396.99 Thousand Tonnes Of Oil Equivalent (ktoe) in 2013 to 1140.0 ktoe in 2023. The year-on-year growth has seen notable fluctuations, such as an 81.21% increase in 2015, but has settled to a more consistent pace in recent years, with a 4.14% increase in 2023. The compound annual growth rate (CAGR) from 2018 to 2023 was 4.06%. Forecast data suggests continued growth, with a 5-year forecasted CAGR of 2.7%, reaching 1360.0 ktoe by 2028.
Looking ahead, future trends to watch for include advancements in biofuel technology, policy shifts promoting sustainable energy, and potential increases in industry adoption of biofuels as part of broader carbon reduction strategies. These factors will shape the trajectory of biofuel consumption in the UK industry.