Forecast: Blended Biodiesels Available for Final Consumption in the UK

As of 2023, the availability of blended biodiesels for final consumption in the UK was at a certain level, marking a baseline for future forecasts. With an anticipated increase to 60.49 thousand terajoules in 2024, the projected year-on-year growth is expected to average around 3.5% annually through to 2028. The cumulative annual growth rate (CAGR) over the next five years is approximately 3.5%. This consistent upward trend suggests a steady interest and investment in biodiesel as part of the UK's renewable energy strategy.

Future trends to watch for include:

  • Government policy changes surrounding renewable energy incentives and regulations.
  • Technological advancements in biodiesel production and efficiency.
  • Fluctuations in fossil fuel prices impacting biodiesel's competitiveness.
  • Consumer demand and adoption rates for biodiesel-blended fuels amidst evolving environmental awareness.

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