The UK has seen a consistent decline in its coking coal energy supply over recent years, with a significant drop from 4.86 Mtoe in 2013 to 1.26 Mtoe in 2023. This decreasing trend is highlighted by year-on-year percentage decreases, such as -13.66% in 2023. The calculated compound annual growth rate (CAGR) over the last five years stands at -10.28%, showing a steady reduction.
Future trends indicate this decline will continue sharply, with forecasts suggesting the supply will fall to as low as 0.21366 Mtoe by 2028. The forecasted 5-year CAGR of -27.05% signals a rapid decrease, totaling a predicted reduction of 79.34% by 2028.
Future trends to watch for include advancements in renewable energy technologies, government regulations on carbon emissions, and potential changes in global trade policies, which could accelerate the shift away from coking coal energy supply in the UK.
