The forecasted import of wheat groats and meal to the UK shows a steady increase from 10.591 million kilograms in 2024 to 11.887 million kilograms in 2028. In comparison, the actual import volume in 2023 was lower than the predicted 2024 figures, indicating growth in demand.
The year-on-year growth is consistent over the forecast period, with a notable compounded annual growth rate (CAGR) reflecting a positive trend over five years. This upward trend suggests a sustained increase in consumption or necessity for imports, marking a trend toward higher dependency on imports.
Future trends to watch include potential impacts of trade policies, Brexit implications, and global wheat market dynamics, which could affect import volumes and pricing in the long term.
