From 2013 to 2023, the availability of blended biodiesels for final consumption in the UK showed significant fluctuations. After a peak increase in 2014 by 24.49%, the value dropped by 29.86% in 2015. A mild recovery followed until a notable jump happened in 2018, reaching 10.25 Thousand Gigawatthours — a 62.36% increase from the previous year. The trend continued upwards, hitting 16.04 Thousand Gigawatthours in 2023, marking a year-on-year increase of 4.54% and a notable 5-year CAGR of 9.37%. This suggests steady growth in blended biodiesel availability.
Looking forward, the forecast from 2024 to 2028 shows continued growth with a forecasted 5-year CAGR of 3.21% and an overall growth rate of 17.09%. Key trends to watch include:
- Impact of governmental policies and incentives on biodiesel production and consumption.
- Technological advancements in biodiesel production increasing efficiency and reducing costs.
- Market adoption rates and the competitive landscape with other renewable energy sources.