The UK's imports of additives and oxygenates, excluding the biofuel portion, are projected to decline slowly from 2024 to 2028. These imports were 130.45 Gigawatthours in 2023, and forecasts show annual reductions: 1.74% in 2025, 1.73% in 2026, 1.73% in 2027, and 1.72% in 2028, with a five-year CAGR of -1.70%. The consistent decline suggests a shift away from dependency on these imports or an increased domestic production capacity.
Future trends to watch for:
- Technological advancements that may influence the production or demand for additives and oxygenates.
- Policy changes regarding environmental regulations and fuel standards that could impact import volumes.
- Growth in sustainable or alternative fuel sources reducing the need for traditional additives and oxygenates.