The forecast for paraffin waxes gross available energy in the UK from 2024 to 2028 indicates a downward trend. Starting at a negative value equivalent to 33,660 tonnes of oil in 2024, it continues to decline by approximately 11% yearly on average, leading to –47,570 tonnes by 2028. This consistent decrease across these years suggests a significant reduction in available paraffin waxes energy. As of 2023, the figures were already exhibiting a negative trajectory, reinforcing the unfavorable direction.
Future trends to watch for include:
- Changes in energy policies that may influence paraffin waxes demand.
- Technological advancements could alter production methods, impacting energy requirements.
- Global market conditions affecting supply chains and pricing structures, potentially influencing the UK's imports and local production.