The import of soya bean flour or meal to the UK is projected to decrease significantly from 2024 to 2028. In 2024, the import value is forecasted at 2.06 million USD, dropping to 0.61 million USD in 2028. Compared to 2023, these figures mark a steady decline year-on-year. Specifically, from 2024 to 2025, the expected decrease is 18.16%, and from 2025 to 2026, it is 21.71%. The average annual decrease over this five-year period is approximately 25.13%.
Future trends to watch for include:
- Potential shifts in UK trade policies or tariffs impacting soy imports.
- Domestic production levels of substitute products potentially reducing import demand.
- Changes in global soy market dynamics, possibly affecting supply and pricing.
- Evolution of consumer preferences towards alternative proteins in the UK marketplace.
