As of 2023, the domestic processed output of Carbon Monoxide (CO) in the UK was reported at 1.10 million metric tons. The forecasted data from 2024 to 2028 shows a consistent decline in output, with values dropping from 1.01 to 0.6728 million metric tons, indicating a downward trend. The expected year-on-year variations reveal a steady decline, ranging from approximately 8% to 10% per year. Over the five-year period from 2024 to 2028, this trend amounts to a compound annual growth rate (CAGR) of around -8%.
Future trends to watch for include:
- Potential improvements in technology and processes that could slow the decline in CO output.
- The impact of regulatory changes on emissions and production practices.
- Shifts in energy consumption patterns and industrial demand driving changes in CO production.
