The import of bituminous or oil shale and tar sands to the UK is forecasted to exhibit steady growth from 2024 to 2028. Starting at approximately 21.679 million kilograms in 2024, the expected increase over the five-year period demonstrates an upward trend, culminating in an estimated 24.538 million kilograms by 2028. In 2023, the actual import value provides the baseline for comparison, revealing a steady escalation in imports with an average growth rate of around 3.05% per year (CAGR) over this period.
Future trends to watch for include potential impacts from geopolitical changes, shifts in global energy policies favoring renewable energy sources, and advancements in extraction technology that could alter import dynamics. Additionally, the environmental regulations and carbon neutrality goals might influence the demand and import levels of such resources.
