The import of pig and poultry fat in the UK is forecasted to decline from 5.41 million kilograms in 2024 to 3.12 million kilograms in 2028. This represents a significant downward trend, indicating a compound annual growth rate (CAGR) of approximately -12.9% over these five years. Year-on-year analysis reveals a consistent decrease in imports, with the most considerable drop from 2027 to 2028, showcasing a shift potentially influenced by changing dietary trends or improved domestic production.
Future trends to watch for:
- Potential shifts in domestic agricultural policies that might affect supply and demand.
- Changes in consumer preferences towards alternative sources of fat.
- Global trade agreements impacting import costs and availability.