The forecast for gas oil and diesel oil consumption in international maritime bunkers in the UK indicates a steady increase from 2024 to 2028, with values rising from 1.8 to 1.91 million tonnes of oil equivalent. Compared to 2023, where consumption stood at approximately 1.78, the trend shows a gradual year-on-year growth, roughly 1.7% per year. The CAGR over the five-year forecast period is projected to be around 1.5% annually.
Future trends to watch for include:
- Potential shifts in maritime fuel regulations encouraging lower-carbon alternatives, impacting diesel consumption.
- Technological advancements in ship engine efficiency, possibly altering fuel demand.
- Economic factors influencing global trade volumes, leading to fluctuations in bunker fuel consumption.