The UK’s forecasted imports of kerosene-type jet fuel, excluding biofuel portions, show a steady increase from 2024 to 2028. In 2023, the imports stood at 448.1 thousand terajoules. From 2024 to 2028, the annual percentage increase in imports remains consistent, with each year seeing a rise of approximately 2%.Over the five-year period (2024-2028), the Compound Annual Growth Rate (CAGR) for these imports is around 2%, suggesting a gradual upward trend in jet fuel demand.
Future trends to watch for include:
- Fluctuations in global oil prices impacting import volumes.
- Potential shifts towards sustainable aviation fuel influencing the demand for traditional jet fuel.
- Technological advancements in aviation efficiency possibly mitigating increases in jet fuel imports.
