The forecasted imports of additives and oxygenates (excluding the biofuel portion) to the UK from 2024 to 2028 show a steady decline from 11.0 to 10.26 Thousand Tonnes Of Oil Equivalent, translating to a Compound Annual Growth Rate (CAGR) of approximately -1.37%. This downward trend underpins a consistent decrease in imports year-on-year, with values dipping by around 1.81% annually. For context, the imports in 2023 stood at similar levels, indicating the beginning of this negative trend.
Future trends to watch:
- The impact of advancing technologies and alternative energy sources on the demand for such imports.
- External economic factors, such as trade policies and market access conditions, that could influence future projections.
