In 2023, the consumption of gas oil and diesel oil (excluding biofuel) in the UK's fishing sector was recorded at 1.85 thousand gigawatt hours. From 2024 to 2028, a consistent upward trend is present, with consumption increasing from 1.92 to 2.18 thousand gigawatt hours. The forecasted year-on-year percentage changes are 3.65% for 2025, 3.02% for 2026, 3.41% for 2027, and 2.83% for 2028. The compounded annual growth rate (CAGR) from 2024 to 2028 is approximately 3.23%. This indicates a steady rise in energy demands within the sector.
Future trends to watch for:
- Technological advancements in fuel efficiency that may alter consumption patterns.
- Regulatory developments targeting carbon emissions, influencing fuel choices in the fishing industry.
- Potential economic impacts from geopolitical or environmental factors affecting the energy market.