In 2023, the fossil energy imports to the UK stood at 135.20 million tonnes of oil equivalent. The forecast for 2024 to 2028 indicates a very slight but gradual decrease, with annual figures moving marginally lower from 135.08 to 134.75 million tonnes per year. The year-on-year variation shows a change of less than 0.1% each year, pointing to an almost stable import volume. Over this five-year forecast period, the compound annual growth rate (CAGR) also shows a very subtle decline, highlighting a nearly flat trend.
Looking forward, emerging trends to monitor include potential regulatory changes aimed at reducing fossil fuel dependency, advancements in renewable energy technologies, and economic factors affecting energy demand and supply dynamics. These variables could significantly alter the trajectory of fossil imports in the upcoming years.
