The forecast for the UK's import of non-crude non-virgin olive oil shows a steady upward trend from 2024 to 2028, starting at 16.83 million kg and peaking at 20.531 million kg. In 2023, this quantity stood at a lower level, underscoring consistent annual growth. Notably, the year-on-year percentage increases highlight considerable growth, indicative of rising demand. The compound annual growth rate (CAGR) points to an average yearly increment over the forecasted period.
Looking ahead, future trends to watch for include potential market disruptions, changes in consumer preferences towards premium olive oils, and impacts of trade agreements or tariffs that could influence import levels and pricing dynamics.
