The UK biofuels for blending closing stock is forecasted to increase from 137.0 thousand metric tons in 2024 to 164.0 thousand metric tons by 2028. The year-on-year growth from 2024 to 2025 is approximately 5.1%, followed by similar increases in subsequent years, indicating a steady upward trend. The compound annual growth rate (CAGR) over this forecast period is projected to be around 4.6%. As of 2023, the biofuels for blending closing stock stood at around 130.0 thousand metric tons, marking the beginning of this growth trend.
Future trends to watch for include advancements in biofuel production technologies, government policies promoting renewable energy, and shifts in consumer demand towards sustainable energy sources. These factors could significantly impact future stock levels and growth trajectories.
