In 2023, the UK's wood and wood products sector consumed 1.93 thousand Terajoules of natural gas. From 2024 to 2028, the consumption forecast shows a steady increase: from 1.96 in 2024 to 2.07 by 2028, indicating an average annual growth rate of 1.37%. Year-on-year, the growth rate ranges from 1.53% to 1.47%. This suggests a moderate but consistent rise in natural gas consumption due to potential sector growth or increased reliance on natural gas as an energy source.
Future trends to watch:
- Potential technological advancements in energy efficiency could impact consumption rates negatively.
- Policy changes aiming at reducing carbon emissions may drive shifts towards alternative energy sources.
- Market dynamics and economic conditions influencing the demand for wood products.