In 2023, lignite direct material inputs in the UK stood at 1.12 thousand metric tons. The forecast indicates a steady decline, with a year-on-year reduction of approximately 3.7% in 2024, followed by a gradual slowdown in the rate of decrease to 1.7% by 2027. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be -4.1%, reflecting a consistent decrease over the five-year period.
Future trends to watch for include the UK's potential strategic shift towards renewable energy sources, which may further suppress lignite demand. Market players should also monitor regulatory changes that could impact lignite consumption and production operations.
