The import of petroleum gases and other gaseous hydrocarbons to the UK is set to rise steadily over the next five years, with forecasts showing an increase from $15.956 billion in 2024 to $17.688 billion by 2028. The year-on-year growth reveals a consistent upward trajectory, with an average yearly increase ranging approximately between 2.8% and 3.0%. Looking further back, the growth over the previous years leading up to 2023 has also been positive, suggesting a compound annual growth rate (CAGR) that supports continuation of this trend through 2028.
Future trends to monitor include the potential impacts of global energy policies focusing on sustainability, fluctuations in world energy prices, and innovations in gaseous hydrocarbon markets. Critical variables like geopolitical developments, shifts in supply chain dynamics, and technology advancements in renewable energy could also significantly influence these projections.
