In the UK, the import volume of cocoa butter, fat, and oil is forecasted to rise gradually from 58.753 million kg in 2024 to 61.355 million kg by 2028. This represents a slow yet steady year-on-year growth average of approximately 0.89% over the five-year period. Notably, in 2023, imports stood at 58.1 million kg, reflecting a consistent increase. This trend highlights expanding demand or enhanced processing capacity within the UK chocolate and confectionery industries.
Future trends to watch for include global cocoa market fluctuations, potential trade policy changes post-Brexit, and evolving consumer preferences towards sustainable and ethically sourced cocoa products. These factors could significantly influence future import volumes and pricing structures.
