The forecast for the value added of agriculture, forestry, and seafood in the UK shows a consistent upward trend from 2024 to 2028. The increase is from 14.62 billion pounds in 2024 to 15.54 billion in 2028. This suggests a robust sector poised for growth.
When examining year-on-year variation, the average Compound Annual Growth Rate (CAGR) for this period is notable, reflecting steady, incremental growth. Given the data, the CAGR indicates a healthy expansion in this sector over the next five years.
Future trends to monitor include potential impacts of climate change on crop yields, technological innovations in agriculture, and shifts in consumer preferences. Additionally, changes in trade agreements post-Brexit could significantly influence this sector's economic performance.
