Spain's garlic exports to the UK have shown a steady upward trend from 2013 to 2023, with a 2023 volume of 17.61 thousand metric tons. Year-on-year variations reveal moderate increases, while recent years (2022 to 2023) have shown consistent, though marginal, growth at approximately 2%. Over the last five years, the compound annual growth rate (CAGR) has been 4.17%, indicating stable expansion.
Forecasts for 2024 and beyond suggest continued growth but at a slower pace, with a forecasted CAGR of 1.51% over the next five years, amounting to a total growth rate of 7.77% by 2028.
Future Trends to Watch For:
- Potential impact of Brexit and its implications on trade tariffs.
- Shifts in consumer demand for garlic in the UK influenced by dietary trends.
- Fluctuations in agricultural yields and climate change effects on garlic production in Spain.