In 2023, the import of animal or vegetable fertilizers to the UK stood at 89.69 million kilograms. The forecast data suggests a declining trend in imports from 2024 to 2028, with a consistent year-on-year decrease. In 2024, imports are expected at 85.591 million kilograms, a decrease of approximately 4.58% from the previous year. By 2028, imports are anticipated to fall to 69.639 million kilograms, reflecting a Compound Annual Growth Rate (CAGR) of -5.03% over this five-year period.
Future trends to watch:
- Potential shifts in UK agricultural practices that might reduce dependence on imported fertilizers.
- Impacts of technological advancements in domestic fertilizer production.
- Policy changes affecting import tariffs or environmental regulations.
- Global market dynamics and price fluctuations for natural fertilizers.
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