As of 2023, the imports of additives and oxygenates (excluding biofuel portions) to the UK stood at 473 Terajoules. Forecast data indicates a gradual decline in imports, with values projected to decrease from 460.7 Terajoules in 2024 to 429.63 Terajoules by 2028. The yearly decrease reflects a steady trend, with an average annual reduction (CAGR) of approximately 1.7% over this period.
Future trends worth observing include:
- Potential shifts in environmental regulations that might impact demand for additives and oxygenates.
- Technological advancements that could alter the necessity and formulation of these imports.
- Fluctuations in global energy markets affecting the cost and supply dynamics of oxygenates.