In 2023, the UK imported groundnut oil valued at 6.19 million US dollars. The forecast from 2024 to 2028 indicates a steady decline in import values, decreasing yearly to reach 6.0577 million US dollars by 2028. This represents a consistent average yearly decrease (CAGR) over the five years.

Key trends to watch include:

Potential changes in UK consumer preferences toward alternative oils impacting groundnut oil demand.
Fluctuations in global groundnut oil production or price changes due to environmental or geopolitical factors.
Development in trade policies post-Brexit which might affect import tariff structures.