In 2023, the import of Vitamin B1 to the UK stood at 265.64 Thousand Kilograms. The year-on-year variation for 2022 showed a decline of 8.63%, while in 2023, a slight increase of 0.49% was observed. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was a modest 0.44%. Over a longer period, the imports displayed fluctuating trends, with significant highs in 2015 and notable lows in 2017.
The forecast for the next few years indicates a stable but modest growth, with a forecasted 5-year CAGR of 0.31%. By 2028, it is expected that imports will reach approximately 273.1 Thousand Kilograms, depicting a growth rate of 1.54% over the analyzed period.
Future trends to watch for:
- Changes in global supply chain dynamics impacting import volumes.
- Shifts in UK dietary supplement consumption patterns.
- Regulatory changes affecting import channels and tariffs.
- Technological advancements in Vitamin B1 production and alternatives.
