The forecast for the UK kerosene-type jet fuel energy supply, excluding the biofuel portion, indicates a consistent decrease from 2024 to 2028. Starting at -136,730 terajoules in 2024, the supply reduces to -125,780 terajoules by 2028, showcasing a diminishing trend. The forecast highlights a gradual recovery with a consistent annual decrease, averaging around 2% year-on-year, when assuming the value stood higher in 2023. The compounded annual growth rate (CAGR) over these five years reveals an average decline in energy supply.
Future trends to watch for include:
- Technological advancements in aircraft efficiency which could alter fuel demand.
- Regulatory changes focused on reducing carbon emissions in aviation.
- Potential geopolitical impacts on oil prices, affecting jet fuel supply.
- Developments in sustainable aviation fuels that could replace traditional kerosene fuels.
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