The forecasted data for the United Kingdom's peas export volume from 2024 to 2028 indicates a consistent decline. In 2023, the actual export volume stood at 16.0 thousand metric tons, providing a benchmark for the decrease to 11.0 by 2028. This reflects a noticeable year-on-year decrease of approximately 6.7% for each upcoming year. Over the five-year forecast period, this decline represents a compound annual growth rate (CAGR) of approximately -7.3%.
Looking ahead, trends to watch for include fluctuations in global demand for peas, potential changes in trade policies due to geopolitical shifts, and climatic conditions impacting agricultural yield in the UK. Additionally, innovation in pea-based products might alter export dynamics significantly.
