The gas oil and diesel oil consumption in the UK construction sector has seen fluctuating trends over the past decade. From 2013 to 2017, there was a notable increase with a peak in 2017, showing a positive CAGR of 7.16%. However, from 2018 onwards, the consumption started to decline slightly, with occasional minor rises. As of 2023, the volume stood at 191.48 thousand tonnes of oil equivalent, marking a continued modest year-on-year decline of around 0.54% and a negative CAGR of -0.17% over the last five years. The forecast indicates a continued gradual decrease in consumption with a forecasted five-year CAGR of -0.46% leading to 2028.
Future trends to watch for:
- The impact of stricter environmental regulations on fossil fuel consumption.
- Advances in energy efficiency and alternative energy sources within the construction sector.
- Economic factors influencing the construction industry's fuel requirements.
- Technological advancements that may shift industry reliance away from traditional gas and diesel oils.