In 2023, the UK's trade balance for roots and tubers was lower than the forecasted figures for 2024, marking an upward trend. Forecast data from 2024 to 2028 shows a steady decline in trade balance, from 508.76 to 503.77 thousand metric tons. This represents a gradual year-on-year negative change, with the CAGR over the next five years reflecting a small decline annually. Such trends indicate a slight but continuous drop in trade balance.
Future trends to watch for:
- Potential shifts in consumer preferences towards alternative carbohydrate sources.
- Climate change impacts on domestic crop yields.
- Trade policy changes affecting import-export dynamics.