In 2023, Naphtha imports to the UK stood at 83.12 thousand terajoules. Based on the forecasted data, imports are expected to increase steadily over the next five years, reaching 95.31 thousand terajoules by 2028. Specifically, year-on-year growth is projected at approximately 2.9% from 2024 to 2025, 2.8% from 2025 to 2026, 2.7% from 2026 to 2027, and 2.5% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at around 2.7%.
Future trends to watch for:
- Potential shifts in global market dynamics and geopolitical factors affecting supply chains.
- The impact of environmental regulations and advances in alternative energy sources on naphtha demand.
- Technological innovations in the petrochemical industry that might alter consumption patterns.
