In 2023, the biofuels consumption in the UK stood at 76.41 petajoules. Over the forecast period from 2024 to 2028, a steady increase is expected. The year-on-year variation is approximately 2.6% between 2024 and 2025, 2.5% between 2025 and 2026, 2.5% between 2026 and 2027, and 2.4% between 2027 and 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is anticipated to be around 2.5%, indicating a consistent growth trend in biofuels consumption.
Future trends to watch for include technological advancements in biofuel production, potential governmental policies promoting renewable energy, and evolving market dynamics influenced by global energy trends and environmental initiatives. These factors could further drive the increase in biofuels consumption or present new challenges and opportunities in the market.