The forecasted data suggests a steady increase in the gross inland consumption of primary solid biofuels in the UK from 421.41 thousand terajoules in 2024 to 488.01 thousand terajoules in 2028. This marks an overall growing trend. Year-on-year variations indicate consumption growth of approximately 4.1% by 2025, 3.8% by 2026, 3.6% by 2027, and 3.4% by 2028. The compound annual growth rate (CAGR) projected over this five-year period stands at approximately 3.7%.
Future trends to watch include:
- Government policies supporting renewable energy investment.
- Technological advancements increasing biofuel efficiency.
- Shifts in public awareness and consumption patterns towards sustainable energy sources.