In 2023, the UK imported a certain amount of coconut oil. From 2024 to 2028, the import volumes are forecasted to increase from 26.954 million kilograms to 30.223 million kilograms. The year-on-year variations for 2024 to 2028 are as follows:
• 2025: +3.12%
• 2026: +2.97%
• 2027: +2.83%
• 2028: +2.70%
The compound annual growth rate (CAGR) over the forecasted period from 2024 to 2028 is approximately 2.9%, indicating a steady annual increase in import volumes.
Future trends to watch for include potential changes in consumer preferences for plant-based and healthy oils, global price fluctuations of coconut oil, and UK trade policies post-Brexit, which could impact import volumes and sources.