The forecast for White Spirit available for final consumption in the UK suggests a steady year-on-year decline from 2024 to 2028. In 2023, the actual value stood at 135.24 Thousand Tonnes of Oil Equivalent. From 2024 onwards, the forecasted figures show an annual decrease in volumes, reflecting a negative trend in consumption.
Year-on-year variations exhibit a consistent downward trend, averaging around -2% annually between 2024 and 2028. Over the five-year period, a compound annual growth rate (CAGR) of approximately -2% is observed, indicating a marked contraction in the market.
Future trends to watch for include technological advancements in alternative solvents, regulatory impacts on volatile organic compound emissions, and shifts in industrial demand patterns. Monitoring these factors is crucial in understanding White Spirit's consumption trajectory further.
