In 2023, the gross available energy from kerosene-type jet fuel (excluding biofuel portion) in the UK stood below the 2024 forecast of 386.85 thousand terajoules. From 2024 to 2028, the data shows a consistent upward trend with an annual growth rate that increases year-on-year. Specifically, the annual increases between 2024 and 2025, 2025 and 2026, 2026 and 2027, and 2027 and 2028 are indicative of a stable market expansion, reflecting the evolution in aviation energy requirements. The compound annual growth rate (CAGR) over these five years suggests a modest yet steady growth trajectory.
Future trends to watch for include:
- The impact of technological advancements in fuel efficiency, which could alter fuel demand levels.
- Significant policy changes regarding environmental regulations that might shift the focus towards alternative energy sources.
- Fluctuations in global aviation travel patterns and economic factors influencing fuel demand.
