Bitumen closing stock in the UK for the year 2024 is forecasted to be 95.65 thousand metric tons, a decline from the value in 2023 which stood at 96.85 thousand metric tons. The subsequent years show a consistent downward trend with 94.46, 93.29, 92.14, and 91.02 thousand metric tons forecasted for 2025, 2026, 2027, and 2028, respectively. Year-on-year percentage variations illustrate a gradual decrease in stock levels. Between 2023 and 2024, the variation is approximately -1.24%, followed by -1.24% from 2024 to 2025, -1.24% from 2025 to 2026, -1.23% from 2026 to 2027, and -1.22% from 2027 to 2028. The average compound annual growth rate (CAGR) over this 5-year period is about -1.23%.
Future trends to watch for include shifts in bitumen demand due to infrastructure developments and potential changes in production efficiency and technologies. Monitoring global oil prices and emerging alternative materials for road construction could also impact bitumen stock levels in the UK.
