The UK’s sold production of refined sunflower-seed and safflower oil is projected to decrease from 2024 to 2028. In 2023, the actual production was recorded at 39.5 million kilograms. From 2024 to 2025, a 11.46% decline is anticipated, followed by a consistent decrease, culminating in a 19.5% drop from 2027 to 2028. Over the five-year period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) forecasts an average annual reduction of approximately 12%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative oils, such as olive or avocado oil.
- Environmental policies that may impact production and demand dynamics.
- Global economic conditions affecting import and export activities.