The consumption of gas oil and diesel oil in the UK’s wood and wood products sector is forecasted to grow steadily from 2024 to 2028, starting at 413.06 GWh in 2024 and reaching 450.29 GWh by 2028. This upward trend follows an average compound annual growth rate (CAGR) of approximately 2.17%, reflecting consistent increases year-on-year. In 2023, this consumption was lower, underscoring a sustained growth trajectory projected for the forthcoming years.
Key future trends to watch include:
- The impact of evolving regulations on fossil fuel usage and emissions, which may alter consumption patterns.
- Technological advancements in energy efficiency within the sector that could influence demand for these fuels.
- Emerging competition from renewable energy sources potentially affecting traditional fossil fuel usage.