Forecast: Import of Fish and Marine Mammals Fats and Oils to the UK

The UK's import of fish and marine mammal fats and oils stood at approximately 21.241 million kilograms in 2023. Forecasts suggest a declining trend from 2024 onwards, with a noticeable year-on-year decrease: 3.9% in 2025 and 3.9% again in 2026, followed by a 4.1% drop in 2027 and a 4.1% decrease in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at -3.8%, showcasing an overall reduction in import volume over these five years.

Future trends to watch for include:

  • Potential shifts in environmental regulations impacting import volumes.
  • Changes in consumer preferences towards more sustainable or alternative sources.
  • Variations in global fish and marine oil production affecting supply.

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