The import of crushed or ground pepper of the Genus Piper to the UK is forecasted to follow a steady upward trajectory from 2024 to 2028. Starting at a value of 9.4553 million kilograms in 2024, it is anticipated to reach 10.143 million kilograms by 2028. Comparing 2023's actual values with 2024’s forecasts, there is a noticeable growth trend. The year-on-year percentage growth showcases consistent increases with a gradual rise around 2% annually. The compound annual growth rate (CAGR) over these five years emphasizes a moderate, but steady market growth.
Future trends to watch include potential shifts in consumption due to dietary changes, supply chain dynamics, and trade agreements, which can impact import volumes and market conditions. Monitoring global pepper production and export practices will also be crucial to foresee any changes in the import landscape.
