The output of blended biodiesels in the UK experienced significant fluctuations from 2013 to 2023, starting at 644.01 thousand tonnes of oil equivalent in 2013 and reaching 1380.0 thousand tonnes in 2023. The year-on-year variation reveals high volatility, with significant growth spurts like 63.55% in 2018 and downturns such as -21.33% in 2020. Over the last two years, the growth rate remained steady at around 4.52% in 2023, down from peaks in previous years. However, the five-year CAGR leading up to 2023 averaged 8.91%, reflecting robust growth.
Forecasts from 2024 to 2028 suggest continued growth in blended biodiesels output, with an anticipated increase to 1700.0 thousand tonnes by 2028. The forecasted CAGR for this period is 3.18%, indicating a more stable yet slower growth trajectory compared to past performance.
Future trends to watch for include advancements in production technology, policy changes favoring renewable energy, and potential disruptions from alternative renewable fuels. Monitoring these factors will provide insights into the sustainability and scalability of growth in the biodiesel sector.
