Forecast: Agriculture and Forestry Sector Final Consumption of Renewables and Biofuels in the UK

In 2023, the agriculture and forestry sector's final consumption of renewables and biofuels in the UK was recorded at a slightly higher level than the forecasted 98.46 thousand tonnes of oil equivalent expected in 2024. The forecast indicates a steady decrease with annual declines of around 2.7% to 3%, culminating in 88.19 by 2028. The five-year CAGR suggests a declining trend, averaging an annual reduction of around 2.74%.

Future trends to watch for:

  • Innovations in agricultural technology could influence the uptake and efficiency of renewable energy use.
  • Regulatory policies and environmental mandates may drive shifts or stabilization in consumption trends.
  • Evolving market dynamics and cost reductions in renewable technology might alter consumption patterns.

Top Countries about Biofuel