In 2023, the import of cocoa butter, fat, oil to the UK was approximately 56 million kilograms. The forecast for 2024 to 2028 shows a steady annual increase, reaching around 58.1 million kilograms in 2028. This indicates modest growth in imports with a Compound Annual Growth Rate (CAGR) of approximately 0.75% over the five-year period.
The year-on-year variations suggest incremental increases, with each subsequent year adding slightly more volume compared to the previous. Notably, the data reaffirms a consistent upward trajectory aligned with consumer demand and market stability.
Key future trends to watch for include potential fluctuations in global cocoa production affecting supply chains, as well as the impact of environmental regulations and sustainability practices on import volumes.
