In 2023, the import volume of rape, colza, and mustard oil to the UK stood at approximately 43.603 million kilograms. Forecasted figures suggest a decreasing trend, with imports projected at 41.686 million kilograms in 2024 and gradually declining to 34.034 million kilograms by 2028. This represents a year-on-year decline of around 5% on average. Over the five-year forecast period, the compound annual growth rate (CAGR) shows a steady negative trend in import volumes, averaging -4.9% per year.
Future trends to watch include potential changes in UK agricultural policy post-Brexit, which may impact domestic oilseed production, affecting import needs. Additionally, shifts in consumer preferences towards healthier oils and sustainability practices could influence demand patterns.
