The forecasted import of sunflower seed, safflower, or cotton-seed oil to the UK is projected to steadily increase from 303.13 million USD in 2024 to 306.05 million USD in 2028. This represents a gradual annual growth rate, indicating a stable demand for these oils. Year-on-year, the import value increases approximately by 0.25% to 0.24% annually.
The sector has shown consistent growth and a strong market position, expected to continue beyond 2023's historical data. Trends to watch for include:
- Volatility in global market prices affecting import costs.
- Impact of UK-EU trade agreements or tariffs on import volumes.
- Shifts in consumer demand towards alternative oils or domestic production.
