In 2023, the UK's petroleum coke imports stood at a historical value, with 2024 forecasted to reach 4.84 thousand gigawatthours. The year-on-year forecast for subsequent years indicates a steady slight decline of around 0.4% each year, reaching 4.78 thousand gigawatthours by 2028. This trend over a five-year projection reveals a compound annual growth rate (CAGR) that suggests a small but consistent decrease in petroleum coke imports.
Future trends to watch for include:
- Changes in domestic energy production that could affect import needs.
- Regulatory shifts prioritizing cleaner energy sources, potentially reducing petroleum coke demand.
- Economic factors influencing industrial consumption of petroleum coke.
