The data on bioenergy production in the UK indicates generally positive growth over the last decade. In 2023, the production stood at 451.28 Thousand Terajoules. From 2013 to 2023, bioenergy production experienced significant growth, with some fluctuations. Year-on-year variations saw notable increases in 2015 (14.99%) and 2021 (31.41%), contrasting with declines, such as in 2020 (-12.77%). The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) averaged 3.2%.
Whilst the forecast for 2024 and beyond shows continued growth, the CAGR over the next five years is expected to decelerate to an average of 2.51%, suggesting more stable yet moderate growth. By 2028, production is projected to reach around 531.33 Thousand Terajoules, indicating a forecasted five-year growth rate of 13.21%.
Future trends to watch for:
- Technological advancements in bioenergy production methods
- Policy changes and government incentives in the renewable energy sector
- Market demand for sustainable and clean energy sources
- Integration of bioenergy with other renewable energy systems like solar and wind.
