In 2023, the households' final consumption of hard coal in the UK stood at 326.0 thousand metric tons. The forecasted values show a significant downward trend from 2024 to 2028, with a year-on-year decrease. From 2024 to 2025, the consumption drops by approximately 14%. This trend continues with an estimated annual decline of around 18% from 2025 to 2026, about 19% from 2026 to 2027, and approximately 23% from 2027 to 2028. This steady decline results in a compound annual growth rate (CAGR) of approximately -16.5% over the five-year period.
The anticipated reduction in hard coal consumption is likely driven by regulatory pressures to reduce carbon emissions and the increasing competitiveness of alternative energy sources. Future trends to watch include potential policy changes, advances in renewable energy technologies, and shifts in consumer behavior towards more sustainable energy consumption patterns.
- 2024: -14% change from 2023
- 2025: -15% change from 2024
- 2026: -16% change from 2025
- 2027: -18% change from 2026
- 2028: -22% change from 2027
- CAGR (2024-2028): -16.5%
