The import of refined linseed oil and fractions to the UK is forecasted to decrease steadily from 2024 to 2028. In 2023, the import value was higher, marking the start of a downward trend. Year-on-year, the import volume is expected to decline by approximately 8-9% annually. Over the next five years, a continuous contraction is projected, signifying a compound annual growth rate (CAGR) that reflects a consistent reduction in imports.
Future trends to watch for include:
- Potential substitution with alternative oils may accelerate the decline in imports.
- Changes in domestic production capacity affecting import needs.
- Global supply chain shifts and trade policy impacts that could alter forecast figures.
