The UK bitumen stock is projected to witness a steady decline over the forecast period from 2024 to 2028 with gigawatthour values decreasing from -242.01 to -310.92. This indicates a continuous decrease in bitumen inventories, potentially reflecting increased consumption or reduced production.
Year-on-year changes show an approximate consistent decline, pointing to a diminishing trend in bitumen stocks. Calculating the compound annual growth rate (CAGR) from 2024 to 2028 indicates a yearly average decrease, illustrating a significant downward trend in bitumen stocks over this period.
Future trends to watch for include potential shifts in infrastructure development and maintenance activities in the UK, which could affect bitumen demand and subsequently impact stock levels. Additionally, regulatory changes and advancements in alternative materials might influence future bitumen stock patterns.
