The forecast for Indian pastry exports to the UK shows a consistent decline from 2024 to 2028. In 2023, the value stood at an actual figure of approximately 20.6 million USD. The forecast estimates a decrease from 19.9 million USD in 2024 to 17.36 million USD by 2028.
Year-on-year variation indicates a decline of:
- -3.3% from 2024 to 2025
- -3.3% from 2025 to 2026
- -3.4% from 2026 to 2027
- -3.4% from 2027 to 2028
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is around -3.5%, reflecting an average yearly decline.
Future trends to watch for include:
- Changes in UK consumer preferences and dietary trends.
- Potential impact of trade policies and tariffs post-Brexit.
- Influence of global supply chain disruptions on export capabilities.
- Technological advancements in pastry production and logistics enhancing competitiveness.
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