The UK's biomass import dependency ratio is forecasted to increase, from 35.3% in 2024 to 36.8% in 2028. In 2023, this ratio stood at 35%. The year-on-year increment is relatively steady, with a subtle growth pattern averaging around 0.4-0.5% each year. Over the course of the five-year forecast period, the compound annual growth rate (CAGR) indicates a gradual rise.
Future trends to watch for include:
- Potential policy changes targeting renewable energy sources that could impact import dependency.
- Technological advances in domestic biomass production that might alter dependency levels.
- Volatility in international biomass markets affecting the UK's import levels.