Forecast: Import of Crude Palm Oil to the UK

In 2023, the UK imported approximately 90.0 million kilograms of crude palm oil, marking the last recorded actual data. Forecasted figures from 2024 suggest a steady increase in imports: 92.374 million kilograms in 2024 and reaching 101.64 million kilograms by 2028. Year-on-year growth shows a consistent rise, with an average compound annual growth rate (CAGR) of approximately 2.4% from 2024 to 2028.

Future trends to watch for:

  • Shifts in consumer demand towards sustainable and ethically sourced palm oil, impacting UK import volumes.
  • Changes in trade policies or tariffs between key exporting countries and the UK could alter supply dynamics.
  • Advancements in alternative oils could reduce dependency on palm oil imports.

Top Countries about Palm Oil