In 2023, the UK's raw milk imports were positioned as the previous year's benchmark. From 2024 to 2028, the forecast indicates a steady uptick in imports, rising from 162.65 million liters to 172.45 million liters. This consistent growth reflects a year-on-year increase averaging around 1.5%. This upward trend over a five-year span translates into a compound annual growth rate (CAGR) of approximately 1.45%, underlining a modest yet steady expansion in the UK's dependency on foreign raw milk.
Future trends to watch for:
- Impact of post-Brexit trade agreements on import volumes and tariffs
- The potential increase in domestic production capacities
- Market responses to shifts in consumer preferences towards sustainable and locally-sourced dairy products
- Technological advancements in dairy processing and transportation