The forecast for the UK's sold production of wood tar and related products from 2024 to 2028 exhibits a consistent decline. From 361.45 thousand kilograms in 2024, the volume is expected to fall to 214.31 thousand kilograms by 2028. This represents a steady reduction year-on-year, with a cumulative average growth rate indicating a clear downward trajectory.
Between 2024 and 2025, a decrease of approximately 10.5% is observed, while from 2025 to 2026, the drop is about 11.5%. The trend continues with an approximate 12.7% decline from 2026 to 2027, and a further 14.3% from 2027 to 2028.
Factors to monitor in the future include potential shifts in market demand, environmental regulations affecting production, technological advancements in alternative materials, and economic policies which could influence production costs and international trade dynamics.
