The forecasted import of soya-bean oil to the UK shows a gradual decrease from 2024 to 2028, starting at 61.564 million kilograms in 2024 and declining to 59.045 million kilograms by 2028. This reflects a consistent downward trend, with the year-on-year percentage decrease modestly accelerating. As of 2023, the import volume stood at 62 million kilograms, marking the peak before the projected decline begins.
Future trends to watch for include:
- Changes in domestic demand for plant-based oils and shifting dietary patterns in the UK.
- The impact of UK trade policies post-Brexit on soybean oil imports.
- Global supply chain disruptions and their effect on commodity prices.
- Environmental policies and regulations impacting oilseed crop cultivation and processing.