Based on the forecast data, the output of kerosene-type jet fuel in the UK is expected to decrease slightly over the years from 2024 to 2028. In 2023, the actual production stood at a slightly higher level than the forecast for 2024. Observing year-on-year variations, the decrease is gradual, with estimated reductions averaging slightly more than half a percent each year. The compound annual growth rate (CAGR) for the 2024-2028 period reflects this subtle downward trend in production output.
Looking ahead, important trends to monitor include advancements in alternative fuel technologies, potential shifts in aviation demand influenced by economic, environmental, and regulatory factors, and developments in biofuel integration which could impact traditional jet fuel output.
