The blended biodiesels closing stock in the UK saw a notable fluctuation from 2013 to 2023, with a significant spike of 90.7% in 2014, followed by a sharp decline and eventual stabilization. The value stood at 64 thousand metric tons in 2023, marking a modest 3.23% increase year-on-year. The Compound Annual Growth Rate (CAGR) over the last five years was 2.34%. Over the forecasted period to 2028, the stock is expected to grow at a CAGR of 2.55%, culminating in a 13.43% increase overall by 2028.
Future trends to watch for include potential policy changes promoting renewable energy, fluctuations in crude oil prices influencing biodiesel demand, and technological advancements in biodiesel production enhancing efficiency and reducing costs.
