The UK oilseeds import volume is set to steadily increase from 1.46 million metric tons in 2024 to 1.5 million metric tons by 2028. In 2023, the volume stood at 1.45 million metric tons. The forecasted year-on-year growth is approximately 0.67% from 2024 to 2028. Over this period, the Compound Annual Growth Rate (CAGR) is expected to be around 0.68%, indicating a stable yet moderate increase.
Future trends to watch include:
- The impact of agricultural policies and trade agreements post-Brexit, which could influence import volumes.
- Global market dynamics in key supplier countries, potentially affecting supply chain and pricing.
- Technological advancements in oilseed processing that may alter the demand landscape.