The forecast for the import of filled chocolate and cocoa preparations in blocks, slabs, and bars weighing more than 2 kg to the UK indicates a steady increase from 2024 to 2028. The import value is expected to grow from 413.62 million USD in 2024 to 446.33 million USD in 2028. This suggests a gradual upward trend with consistent year-on-year percentage increases averaging around 1.5% to 2% annually, leading to a cumulative annual growth rate (CAGR) over the five-year forecasted period. In 2023, the import value stood at a certain level from where the growth trajectory begins.
Future trends to watch for include:
- Consumer preferences shifting towards premium chocolate varieties that could impact import volumes.
- Potential trade policy changes post-Brexit affecting supply chains and costs.
- Technological advancements in logistics and transportation that may influence the efficiency of imports.
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