The import of Petroleum Coke and Petroleum Bitumen to the UK is projected to increase steadily from 2024 to 2028, with values rising from 429.24 million USD in 2024 to 469.75 million USD in 2028. The year-on-year growth rate averages approximately 2-3% throughout this period, indicating a consistent modest increase in imports over these years.
When compared to 2023, the imports in 2024 mark an initial rise, representing a continuation of the upward trend seen in actual previous data. The compound annual growth rate (CAGR) over the five-year forecast period suggests an annual growth rate of about 2.25%.
Future trends to watch for include potential fluctuations in global petroleum prices, changes in UK energy policies, and shifts in supply chain dynamics that could impact import levels and growth projections, especially with increasing sustainability directives and alternatives to fossil fuels gaining traction.
