The forecast for imports of partly or wholly hydrogenated vegetable fats and oils to the UK from 2024 to 2028 indicates a decreasing trend in volume. The figures show a steady decline from 31.887 million kilograms in 2024 to 30.032 million kilograms by 2028. This decline represents a year-on-year percentage decrease, highlighting a diminishing demand or shift in market dynamics. From 2024 onwards, this forecast data reflects a compound annual growth rate (CAGR) over these five years, showcasing a negative average annual change.
Key trends and factors to watch:
- The impact of health trends favoring non-hydrogenated alternatives.
- Government or regulatory policies restricting hydrogenated fats due to health concerns.
- Potential shifts towards sustainable and ethically sourced oils affecting consumer preferences.
- Economic factors influencing trade relations and import tariffs.