The UK's gross inland consumption of Kerosene-Type Jet Fuel, excluding biofuel, is forecasted to increase from 9.1 million tonnes in 2024 to 9.81 million tonnes in 2028. In 2023, this figure stood at 8.95 million tonnes. The year-on-year growth rates are forecasted at approximately 2.1% to 2.2% annually. Over the five-year period (2024-2028), the compound annual growth rate (CAGR) expected is around 1.9%.
Future trends to watch for include:
- The impact of environmental regulations on jet fuel consumption.
- Technological advancements that might enhance fuel efficiency in aviation.
- Potential shifts in air travel demand, influenced by economic or geopolitical factors.
