The primary solid biofuels energy supply in the UK has shown significant growth from 2013 to 2023, standing at 402.31 Thousand Terajoules in 2023. The year-on-year variations revealed a generally upward trend, with some fluctuations. For instance, the supply increased by 31.57% in 2013, peaked again with a 25.48% rise in 2015, followed by a more modest increase in subsequent years. The growth slowed down with a decrease of 1.18% in 2020, but then rebounded with a 9.97% increase in 2022. The most recent increase was 4.19% in 2023. Over the past five years, the CAGR averaged 4.83%.
Looking to the future, the forecast suggests continued growth in the UK's primary solid biofuels energy supply, reaching 485.83 Thousand Terajoules by 2028. The forecasted 5-year CAGR is 3.01%, with a total forecasted 5-year growth rate of 16.01%.
Trends to watch for in the future include:
- Policy changes encouraging renewable energy sources.
- Technological advancements improving biofuel efficiency and production.
- Market shifts driven by environmental commitments and sustainability goals.
