The forecasted production values for non-coniferous wood fuel in the UK are as follows: 641.05 thousand cubic meters in 2024, 661.67 thousand cubic meters in 2025, 681.88 thousand cubic meters in 2026, 701.68 thousand cubic meters in 2027, and 721.09 thousand cubic meters in 2028. The year-on-year percentage variation is:
- 2025: 3.21%
- 2026: 3.06%
- 2027: 2.90%
- 2028: 2.76%
Over the last two years, the average variation is approximately 3.03%. Calculating the compound annual growth rate (CAGR) over the five-year span from 2024 to 2028 shows an average annual growth rate of closely 3.22%.
In the forecast period, it is important to watch for the impacts of government policies on renewable energy, technological advancements in wood fuel production, and potential shifts in market demand driven by environmental concerns and economic factors. Additionally, global market trends and trade dynamics could further influence these forecasts.
