The forecasted final consumption of gas oil and diesel oil (excluding biofuel) for domestic navigation in the UK shows a consistent growth trajectory from 37.81 thousand terajoules in 2024 to 38.66 thousand terajoules in 2028. This trend indicates an average annual growth rate (CAGR) of approximately 0.56% over the five-year period. From 2023 to 2024, there is an increase of about 0.58%, demonstrating moderate but steady demand growth in this sector.
Future trends to watch for include:
- Technological advancements in fuel efficiency for marine vessels.
- Regulatory changes targeting emissions from navigation fuels.
- Potential shifts towards alternative energy sources pushed by environmental policies.