In 2023, the import of groundnut oilcake and other solid residues to the UK stood significantly lower than forecasted levels, reflecting a steady increase in demand. Forecasts indicate a rising trend, with imports expected to grow from 25.23 thousand kilograms in 2024 to 28.24 thousand kilograms by 2028. Year-on-year growth from 2024 to 2028 averages around 2.8%, marking a gradual yet consistent increase in volume over this period.
Future trends to watch for include:
- Potential impact of trade policies on import volumes.
- Shifts in alternative feedstock markets affecting demand.
- Developments in the agricultural sector that may influence supply chains.
