The Natural Gas Liquids Transformation Output in the UK has shown a fluctuating trend from 2013 to 2023. The output stood at 87.96 thousand terajoules in 2023. The period witnessed a peak in 2017, followed by a marked decline in subsequent years. The last two years observed a slight recovery with an average year-on-year variation of 0.42%. However, the five-year CAGR for the years preceding 2023 was -1.91%, indicating a gradual decline in output.
Looking forward to 2028, forecasts suggest a continued decrease, with a five-year forecasted CAGR of -1.93%, and an overall forecasted reduction of 9.29% from 2023 to 2028. Future trends to monitor include changes in energy policies, technological advancements in gas extraction and transformation processes, and shifts in demand for natural gas liquids owing to environmental considerations and alternative energy sources. External factors such as geopolitical events and market volatility may also play significant roles in shaping the natural gas liquids landscape.