In 2023, the UK's primary solid biofuels imports were standing at approximately 175.05 thousand terajoules. Based on forecasts for the years 2024 to 2028, imports are expected to rise steadily. From 2024 to 2025, there is a projected increase of 4.51%, while 2025 to 2026 anticipates a 4.22% rise. The years 2026 to 2027 show a 3.98% rise, and from 2027 to 2028, an increase of 3.74% is expected. Over the entire forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated to be 4.24%.
Future trends to watch include potential policy shifts towards renewable energy sources, affecting biofuels demand, and technological advancements that may improve biofuel efficiency or alternative renewables, impacting import growth trajectory.
