As of 2023, the UK's import of refined rape, colza, or mustard oil was higher but expected to decrease gradually from 41.686 million kilograms in 2024 to 34.034 million kilograms by 2028. Forecasts indicate a year-on-year reduction of 4.7% in 2025, 4.9% in 2026, 5% in 2027, and 5.2% in 2028. Over five years, the compound annual growth rate (CAGR) implies a consistent annual decline.
Future trends to watch include:
- Potential market shifts due to policy changes or trade agreements.
- Alternative oil supply and demand dynamics influencing import quantums.
- Technological advancements impacting domestic production capacity.
