Forecast: Wood and Wood Products Sector Final Consumption of Natural Gas in the UK

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.

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