The forecast for the import of milk powder to the UK from 2024 to 2028 shows a steady decline. Starting at 27.947 million kilograms in 2024, it decreases each year, reaching 25.509 million kilograms by 2028. Comparing these figures, the compound annual growth rate (CAGR) suggests a declining trend in imports. To give context, in 2023, imports stood at 28.4 million kilograms, indicating a continued downward trajectory.
Future trends worth watching include potential impacts of Brexit on trade agreements, domestic milk production changes, and global dairy market fluctuations that could influence the import volumes and overall dairy industry strategy in the UK.
