From 2013 to 2023, the agricultural products and livestock output in the UK saw relatively steady growth with occasional fluctuations. The value stood at 36.0 Billion Pounds Sterling in 2023. Over the last two years, 2021 experienced a significant 12.18% increase, while 2022 showed a marginal 0.44% rise. The latest year-on-year change in 2023 was a 3.19% increase. Over the last five years, the compound annual growth rate (CAGR) averaged 4.34%.
Looking ahead from 2024 to 2028, the forecasted growth indicates a more moderate increase, with an expected 5-year CAGR of 2.22% and a cumulative growth rate of 11.59% over this period. Future trends to watch include potential impacts of climate change, policy shifts post-Brexit, and advancements in agricultural technology. These factors could significantly influence the overall output and growth in the agricultural sector.
