The forecasted refinery output of kerosene-type jet fuel in the UK is expected to display a slight year-on-year decline from 2024 to 2028. Starting at 60.08 thousand gigawatt hours in 2024, the output is expected to gradually decrease by approximately 0.76% each year, reaching 58.29 thousand gigawatt hours by 2028. In 2023, the actual output stood higher than the forecasted figures for subsequent years, indicating a consistent downward trend. The Compound Annual Growth Rate (CAGR) over this period reflects an average annual decrease aligned with these projections.
Future trends to watch:
- Impact of increasing adoption of sustainable aviation fuels potentially affecting the demand for traditional jet fuels.
- Regulatory changes and environmental policies aiming to reduce carbon emissions in the aviation sector.
- Technological advancements in fuel efficiency and alternative energy sources for aviation.