As of 2023, the final consumption of primary solid biofuels in the UK's commercial and public services sector stood below the forecasted 2024 level of 235.68 thousand tonnes of oil equivalent. The forecasts for 2024 to 2028 show a consistent year-on-year increase in consumption. Specifically, from 2024 to 2025, consumption is expected to rise by approximately 5.1%, followed by a 4.8% increase from 2025 to 2026, a further 4.5% increase from 2026 to 2027, and a 4.2% rise from 2027 to 2028. The compounded annual growth rate (CAGR) over these five years is about 4.65%.
Future trends to watch include the UK's policy shifts towards renewable energy integration and the technological advancements in biofuel efficiency, which might impact consumption rates. Additionally, governmental incentives or subsidies for biofuel usage in the commercial and public sectors could further accelerate growth beyond current forecasts.
