The forecast for solid biofuels final consumption in the UK's food, beverages, and tobacco sectors shows a consistent upward trend from 2024 to 2028. In 2023, the consumption level was at 2.88 thousand terajoules. From 2024, with values beginning at 3.04 thousand terajoules, there is expected to be a year-on-year growth: 5.56% from 2023 to 2024, 5.26% from 2024 to 2025, 4.69% from 2025 to 2026, 4.48% from 2026 to 2027, and 4.29% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecast period is around 4.84%.
Trends to watch include the impacts of UK energy policies on biofuel adoption, potential technological advancements in biofuel efficiency, and changes in consumer demand amid sustainability initiatives. Economic conditions and regulatory changes could also affect future trends in biofuel consumption within these sectors.
