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.