In 2023, the UK's bitumen imports stood at 13.2 thousand gigawatthours. Looking forward, there is a consistent growth forecasted from 2024 to 2028, with imports increasing from 13.73 to 15.9 thousand gigawatthours, showcasing a steady yearly rise. From 2024 to 2025, there is a 4.08% increase, followed by 3.78% for 2025-2026, 3.64% for 2026-2027, and 3.45% for 2027-2028. The compound annual growth rate (CAGR) over this five-year period is approximately 3.8%.
Future trends to watch for include potential impacts of evolving infrastructure projects and the changes in energy mixes, as well as economic policies affecting trade and imports. Monitoring technological advancements in infrastructure and bitumen alternatives could also influence these forecasts.
