The forecast for cream imports in milk equivalent shows a consistent upward trend from 2024 to 2028 with a gradual increase in values: 26.33 (2024), 27.2 (2025), 28.05 (2026), 28.88 (2027), and 29.7 (2028) thousand metric tons, respectively. Given that 2024 marks the start of these projections, it's crucial to assess any economic or policy changes that might impact this trend. The Compound Annual Growth Rate (CAGR) during this five-year span suggests a modest but steady growth in cream import volumes.
Future trends to monitor include:
- Changes in UK dairy consumption patterns which could influence import needs.
- Trade policy developments post-Brexit that might affect import ease, costs, and regulations.
- Global dairy market fluctuations that might impact international supply and pricing.
- Impact of environmental policies promoting local production or changing consumer preferences.