In 2023, the UK imported approximately 124.15 Thousand Gigawatthours of kerosene-type jet fuel (excluding the biofuel portion). The forecasted values from 2024 to 2028 show a consistent upward trend, with imports increasing from 126.67 to 136.66 Thousand Gigawatthours. This indicates a year-on-year growth of around 2% per annum. Over the next five years, the compound annual growth rate (CAGR) for these imports is projected to be approximately 2%.
Future trends to watch for include:
- Potential policy changes in focus on reducing carbon emissions which may impact fossil fuel imports.
- Technological advancements in aviation fuel efficiency could alter demand forecasts.
- Global economic factors and geopolitical influences affecting trade routes and supply chains.
- Shifts towards sustainable aviation fuels which may impact traditional jet fuel consumption.
