The forecast for fuel oil consumption in international maritime bunkers in the UK indicates a significant downward trend from 2024 to 2028. In 2023, the consumption stood higher than the projections for the following years, with consumption declining yearly by approximately 11% to 17%. The compound annual growth rate (CAGR) from 2024 to 2028 exhibits a consistent decrease, reflecting the sector's progressive shift away from heavy fuel oil reliance.

Future trends to watch for:

Increased regulations and initiatives promoting environmental sustainability are likely to further push this downward trend.
Technological advancements in alternative fuels and energy-efficient ship designs may accelerate the decline in fuel oil consumption.
Market adaptations and strategic shifts in the maritime industry towards greener energy solutions will be key factors affecting future consumption patterns.