The harvested production of oilseeds in the UK has shown a declining trend from 2.57 million metric tons in 2015 to 1.63 million metric tons in 2023, representing a decrease of approximately 36.5% over the period. The year-on-year variations have been marked by some volatility, with notable declines in 2016 (-29.09%) and 2019 (-13.45%), moderate fluctuations through 2021, and a more consistent downward trend from 2022 (-3.2%) and 2023 (-3.24%). The thirteen years CAGR for 2024 is -4.54%.
From 2024 onwards, forecasted data indicate a continued decline in oilseeds production, falling to 1.34 million metric tons by 2028. The forecasted five-year CAGR leading up to 2028 is -3.05%, with an overall decrease of 14.34% compared to 2023 levels.
Future trends to watch for include:
- Impacts of climate change and weather patterns on crop yields
- Technological advancements and their adoption in farming practices
- Government policies and subsidies affecting agricultural practices and crop choices
- Shifts in global demand and trade dynamics for oilseeds
