In 2023, the UK's livestock gross production stood at approximately 12.44 billion US dollars PPP. The forecast for 2024 to 2028 shows a steady increase in production value, from 12.482 billion to 12.638 billion US dollars PPP. Year-on-year variations are modest, indicating a stable growth trajectory. The compound annual growth rate (CAGR) over this period is approximately 0.3%, reflecting consistent, if not spectacular, expansion.
Future trends to watch for include:
- Potential impacts of climate change on livestock farming.
- Advancements in sustainable farming practices.
- Fluctuations in global commodity markets impacting feed costs.
- Changes in UK trade policies post-Brexit affecting livestock exports.
