The forecasted import of starches, excluding wheat, maize, potato, and manioc, to the UK shows a declining trend from 2024 to 2028. In 2024, imports are valued at $3.7176 million, decreasing steadily each year to $3.0482 million by 2028. Unfortunately, actual data for 2023 is not provided, making it difficult to calculate precise year-on-year variations. However, the Compound Annual Growth Rate (CAGR) suggests a consistent yearly decline across the forecast period.
Future trends to watch for include:
- Potential changes in domestic starch production which could reduce import dependency.
- Evolving trade policies post-Brexit that may impact import costs and tariffs.
- Technological advancements in starch processing offering new alternatives.
- Consumer shifts towards more gluten-free products impacting starch demand.
