In 2023, UK imports of pure biodiesels stood at an estimated 1.10 million tonnes of oil equivalent. From 2024 to 2028, these imports are forecasted to increase from 1.16 to 1.38, showing a consistent year-on-year growth of approximately 5% to 6.1%. The five-year compound annual growth rate (CAGR) is projected at around 5.7%.
Factors influencing future trends include:
- EU regulatory changes impacting biodiesel production and exports.
- Advancements in biodiesel technologies enhancing efficiency.
- Shifts in UK energy policies post-Brexit.
- Fluctuations in global oil prices affecting demand for alternatives.
