Forecast: Tar Sands and Oil Shale Imports to the UK

The forecast for UK imports of tar sands and oil shale highlights a steady growth from 2024 to 2028. With an initial forecasted volume of 12.67 Thousand Metric Tons in 2024, this number is estimated to grow to 13.37 Thousand Metric Tons by 2028. This marks a consistent year-on-year increase in the range of 1.42% to 1.54%. The compound annual growth rate (CAGR) over these five years indicates a gradual upward trend.

Future trends to watch for include:

  • Potential regulatory changes impacting import levels.
  • Technological advancements in renewable energy that may reduce reliance on tar sands and oil shale.
  • Market demand fluctuations based on broader economic conditions.

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