The import of rendered lard and other pig fat to the UK is projected to decline significantly from 2024 to 2028, with forecasts showing a drop from 4.1557 million kilograms in 2024 to 0.76914 million kilograms in 2028. This represents a substantial year-on-year decrease, highlighting the reduced dependency or demand for such imports.
As we examine the longer trend, a compound annual growth rate (CAGR) points to a consistent annual reduction in import volumes over the five-year horizon, signifying a potential change in domestic production capabilities or consumption patterns within the UK market.
Future trends to watch for include:
- Shifts in consumer preferences towards alternative or plant-based fats.
- Potential trade policy changes affecting import routes and costs.
- Developments in domestic pig farming and fat rendering that might reduce import needs.
