The UK's exports of solid fossil fuels are on a downward trajectory from 2024 to 2028, decreasing from 388.66 to 345.56 thousand tonnes of oil equivalent. This represents a year-on-year decline as evident with negative percentage variations. The Compounded Annual Growth Rate (CAGR) over this five-year period reflects an average annual decrease in exports. In 2023, actual figures stood at higher levels, marking the commencement of this forecasted decline.
Future trends to watch for include the impact of global energy policies shifting towards renewable sources and how these may further suppress demand for solid fossil fuels. Sustainable energy advancements and potential regulatory changes could accelerate this downward trend.
