In 2023, the stock of oilseeds in the United Kingdom stood at approximately -10,000 metric tons. The forecast from 2024 to 2028 shows a continuous decline, with values projected at -16,000, -22,000, -29,000, -35,000, and -41,000 metric tons, respectively. This trend indicates a year-on-year decrease, with significant negative growth, underlining exacerbating stock shortages. The Compound Annual Growth Rate (CAGR) over these five years suggests an average annual contraction, further emphasizing dwindling reserves.
Future trends to watch:
- The impact of these declining stocks on domestic prices and reliance on imports.
- Potential policy changes or strategic initiatives aimed at reversing this trend.
- Environmental or climatic factors affecting oilseed production and stock replenishment.