In 2023, the UK's primary solid biofuels gross heat production stood at approximately 5.35 thousand terajoules. From 2024 to 2028, it is projected to increase from 5.61 to 6.7 thousand terajoules, reflecting an upward trend. Year-on-year growth rates are estimated at 5% from 2024 to 2025, 4.7% from 2025 to 2026, 4.4% from 2026 to 2027, and 4% from 2027 to 2028. The compound annual growth rate (CAGR) for this period is expected to be 4.5%, signaling robust growth in the sector.
Future trends to watch for include the UK's policy commitments towards renewable energy, technological advancements in biofuel production, and potential shifts in energy market dynamics that could influence supply and demand.
