The final consumption of gas oil and diesel oil in the UK agriculture and forestry sectors shows slight but steady growth from 2024 to 2028, with values increasing year-on-year. From 2023 to 2024, there has been a minor increase, followed by consistent annual increases roughly around 0.6% to 0.7%. Looking back from 2023, consumption has risen steadily, demonstrating a Compound Annual Growth Rate (CAGR) of approximately 0.7% over the projected five-year period, emphasizing a moderate growth trend in the sector's reliance on traditional fuel sources.
Future trends to watch for include:
- Technological advancements in agricultural machinery that could affect fuel consumption.
- Policy changes regarding renewable energy adoption which could alter fossil fuel reliance.
- Market shifts towards more energy-efficient practices and equipment in the agriculture and forestry sector.