The data provided shows a gradual decline in the import of cocoa beans to the UK from 2024 to 2028. In 2023, the volume of imported cocoa beans stood at 99.34 million kilograms. From 2024 to 2028, imports are forecasted to decrease by approximately 1% year-on-year.
Key variations and trends observed are:
- 2024: -1.03%
- 2025: -1.02%
- 2026: -1.01%
- 2027: -0.99%
- 2028: -0.98%
Over the 5-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates an average yearly decline of about 1.01%.
Future trends to watch for include potential shifts in global cocoa production due to climate change, changes in consumer demand for cocoa-based products, and the impact of trade policies post-Brexit. Monitoring these factors will be crucial for accurately predicting future import trends.
