The forecasted demand for soybeans in the United Kingdom of Great Britain and Northern Ireland shows a marginal upward trend from 2024 to 2028, increasing from 787 to 790 thousand metric tons. The year-on-year growth is minimal, reflecting a stable demand with almost negligible percentage changes annually.
- 2024 to 2025: an increase of about 0.13%
- 2025 to 2026: an increase of about 0.13%
- 2026 to 2027: maintains the same level as 2026
- 2027 to 2028: an increase of about 0.13%
- From 2024 to 2028, the compound annual growth rate (CAGR) is modest, underlining a period of limited growth in demand.
Future trends to watch for include changes in dietary preferences, potential climate impacts on agriculture, and policy shifts towards sustainability, which may affect soybean demand dynamics. Monitoring these factors will be crucial for anticipating any significant demand shifts beyond current forecasts.
