The UK's import of homogenised jams and jellies is projected to decline gradually from 2024 to 2028. In 2023, imports stood at approximately 20.8 million USD. The forecast indicates a year-on-year decrease, with values reducing from 20.597 million USD in 2024 to 19.857 million USD by 2028. This suggests a steady decline in market demand or a shift in sourcing strategies. The compound annual growth rate (CAGR) over these five years is reflecting a negative trend, indicating consistent reductions in import volume annually.
Future trends to watch for include:
- Potential changes in consumer preferences towards local or less processed alternatives.
- Impact of trade policies post-Brexit on import duties and tariffs for jams and jellies.
- Evolving supply chain dynamics or cost structures that might influence import levels.