The forecast for petroleum coke available for final consumption in the UK indicates a steady decline from 2024 to 2028. In 2024, the forecasted value is 137.3 thousand tonnes of oil equivalent, with subsequent years showing a decrease to 68.14 thousand tonnes by 2028. The year-on-year percentage variation signifies consistent negative growth. The compound annual growth rate (CAGR) over this period denotes an average annual contraction.
Key future trends to watch include:
- The impact of new environmental regulations and policies aimed at reducing carbon emissions.
- Technological advancements and shifts towards alternative, cleaner energy sources.
- Potential economic factors affecting industrial demand for petroleum coke.
- Global market dynamics that could influence the UK’s supply and consumption.