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.