The energy supply from primary solid biofuels in the UK stood at 9.6 Million Tonnes of Oil Equivalent (Mtoe) in 2023. For 2024, the forecasted supply is 10.0 Mtoe, marking an estimated year-on-year increase of 4.17%. In 2025, the supply is expected to rise to 10.42 Mtoe, a growth of approximately 4.2% from the previous year. These annual increments show a continuous increase, with the supply anticipated to reach 11.6 Mtoe by 2028, reflecting a compound annual growth rate (CAGR) of around 4.66% over five years.
Future trends to watch for include:
- The impact of government policies promoting renewable energy
- Technological advancements in biofuel production
- Potential fluctuations in biomass availability and market demand
