Forecast: Aviation Fuel Trade Balance the UK

The UK's aviation fuel trade balance, measured in million metric tons, is projected to steadily increase from 2.28 in 2024 to 2.39 in 2028. Notably, the 2023 figure stood at 2.25. The year-on-year growth rate from 2024 to 2028 averages around 1%, reflecting a modest upward trend. Over the five-year period from 2023 to 2028, the Cumulative Annual Growth Rate (CAGR) indicates consistent yet cautious growth in aviation fuel trade volume.

Looking ahead, future trends to watch include the impact of technological advancements in fuel efficiency and potential changes in regulatory policies that promote sustainable aviation fuels, which could significantly influence the UK's aviation fuel trade balance.