Forecast: Import of Crude Palm Kernel or Babassu Oil to the UK

The import of Crude Palm Kernel or Babassu Oil to the UK is projected to decrease steadily from 2024 to 2028. The series indicates a year-on-year percentage decrease in value, reflecting a consistent decline in imports. As of 2023, the actual import value stood at a figure not provided in the dataset. The compound annual growth rate (CAGR) over this five-year forecast period reflects this decreasing trend with an average reduction yearly.

Future trends to watch for include:

  • Potential shifts in trade policies affecting import duties or quotas.
  • Changes in domestic production or alternative sourcing impacting demand for imports.
  • Consumer preferences shifting towards sustainable and environmentally friendly products which may impact demand for palm oil derivatives.

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