The import of olive oil and fractions blends to the UK is expected to experience a gradual increase from 2024 to 2028, starting at 11.902 million USD in 2024 and reaching 13.156 million USD by 2028. This trend suggests a steady market demand, with a projected year-on-year growth rate of around 2.6% to 2.7%. The compound annual growth rate (CAGR) over this five-year period is approximately 2.5%.

When considering future trends, a few factors may influence the UK olive oil import market:

Potential tariff changes due to new trade agreements or modifications in existing agreements
Growing consumer preferences for healthier cooking oils which could drive demand
Currency fluctuations affecting import costs
Environmental concerns and their impact on olive oil production, potentially affecting supply