In 2023, the petroleum coke stock change in the UK was recorded at -3400 Gigawatt hours, marking the beginning of a downward trend expected to continue in the forecast period from 2024 to 2028. Year-on-year, the stock change is forecasted to decrease by approximately 6% between 2024 and 2025, 5.95% from 2025 to 2026, 5.1% from 2026 to 2027, and 5.12% from 2027 to 2028. The compounded annual growth rate (CAGR) over this five-year period is anticipated to be approximately -5.28%.
Future trends to watch for:
- Increasing government regulations on carbon emissions could further affect petroleum coke stock change.
- The rise of renewable energy sources may lead to further decline in petroleum coke's relevance and stock levels in the energy mix.
