The UK's imports of crude soybean oil are projected to increase steadily from 137.96 million kilograms in 2024 to 153.17 million kilograms by 2028. From 2024 to 2025, an anticipated year-on-year growth of 2.84% is expected, followed by 2.68% in 2026, 2.58% in 2027, and 2.47% in 2028. This points towards a gradual annual growth trend with an estimated compound annual growth rate (CAGR) of approximately 2.64% over five years. In 2023, the import volume was 134.22 million kilograms.
Looking ahead, keep an eye on global soybean oil prices, UK domestic production, and potential trade policy changes post-Brexit, which could impact future import volumes.
