In 2023, the actual import of linseed to the UK stood at a certain level. The forecast from 2024 to 2028 shows a consistent upward trend with annual imports, increasing from 15.627 million kilograms in 2024 to 16.2 million kilograms in 2028. The year-on-year growth rate from 2024 to 2025 is approximately 0.95%, from 2025 to 2026 is 0.92%, from 2026 to 2027 is 0.89%, and from 2027 to 2028 is 0.86%. The compound annual growth rate (CAGR) over these five years suggests a steady average increase of around 0.91% per year.
Future trends to watch for include:
- Potential impacts of climate change on linseed production globally, which may affect supply chains.
- Changes in UK agricultural policies post-Brexit, influencing import needs.
- Advancements in technology that may alter the demand or usage of linseed domestically.
- Shifts in consumer preferences towards flax-based products, potentially driving import demand.
