The wheat market size volume in the United Kingdom of Great Britain and Northern Ireland stood at 7.43 million metric tons in 2023. Since 2014, the market has experienced a steady increase, with notable year-on-year variations. The CAGR over the last five years up to 2023 was 0.51%. In more recent years, growth has been slower but consistent, with a 0.7% year-on-year increase in 2023. Forecasts project the market will continue to grow at a 0.52% CAGR, reaching 7.68 million metric tons by 2028.
Future trends to watch for include:
- Impact of climate change on yield
- Technological advancements in agriculture
- Policy changes related to agriculture and trade
- Shifts in domestic and global demand
- Price fluctuations in global markets
