The forecasted import of Soya Sauce to the UK shows a consistent upward trend over the period from 2024 to 2028. With the values increasing from 22.082 million kilograms in 2024 to 23.183 million kilograms in 2028, the data indicates a steady growth in demand. This is a substantial increase from the actual import value of 21.8 million kilograms reported in 2023, representing a year-on-year growth rate of approximately 1.3%. The Compound Annual Growth Rate (CAGR) for this period is projected at around 1.2%, showcasing a stable increase over five years.
Future trends to watch for:
- Changing consumer preferences towards Asian cuisine could impact demand.
- Supply chain disruptions or trade agreements post-Brexit may influence import volumes.
- Environmental and sustainability policies might alter sourcing practices, affecting future imports.