The import volume of frozen fruits and nuts to the UK has shown a consistent upward trend from 2013 to 2023. In 2023, the import volume stood at 98.005 million kilograms. The year-on-year variation has been positive, with slight fluctuations, reflecting a steady increase. In recent years, the growth rate has decelerated slightly, with a year-on-year increase of 2.24% in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) was 2.93%, indicating moderate growth in this period.
As we move into the forecast period (2024-2028), the growth is expected to continue, albeit at a slower pace, with an average annual growth rate (CAGR) of 1.55%. The overall expected growth over these five years is 7.98%, suggesting a more tempered yet steady increase in imports.
Future trends to watch for include:
- Impact of trade policies and tariffs post-Brexit on import volumes.
- Changes in consumer preferences towards frozen fruits and nuts, influenced by health and wellness trends.
- Developments in global supply chain dynamics and their effect on import costs and availability.
