Forecast: Import of Soya-Bean Oil to the UK

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.

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