In 2023, the consumption of primary solid biofuels in the UK's commercial and public services was lower than the forecasted 9.87 thousand terajoules of 2024. Year-on-year, the forecast indicates a steady increase of approximately 5% annually, culminating in an 11.84 thousand terajoules target by 2028. Over five years, this reflects a compound annual growth rate (CAGR) of around 4.6%, highlighting a consistent upward trend.
Future trends to watch for include:
- The effect of governmental policies promoting renewable energy resources on biofuel consumption.
- Technological advancements in biofuel efficiency and production.
- Market shifts in response to increasing environmental concerns and sustainability goals.
