In 2023, UK fuel exports stood at a specific level of % value of goods exports. Forecast data from 2024 onwards shows a steady increase in the percentage of goods exports attributed to fuel, beginning at 12.55% in 2024 and incrementally rising each year to reach 12.89% by 2028. The projected year-on-year variations are as follows: from 2024 to 2025 there is a 0.7% increase, from 2025 to 2026 a 0.6% increase, from 2026 to 2027 a 0.7% increase, and from 2027 to 2028 a 0.6% increase. The Compound Annual Growth Rate (CAGR) over the five-year period is calculated at approximately 0.7% per annum.
Future trends to watch for include potential impacts from global fuel price fluctuations, advancements in renewable energy technologies, and the UK’s evolving energy policies post-Brexit. Additionally, geopolitical events or environmental regulations could significantly affect the forecasted trends in fuel exports.
