In 2023, the Fruit and Vegetables Processing Production Value in the UK stood at 7.84 billion Euros. The period from 2013 to 2023 shows a mixed trend with significant fluctuations. The value peaked in 2015 at 8.32 billion Euros and hit a low in 2018 at 7.18 billion Euros. Year-on-year variations have seen significant shifts, notably a decrease of 8.43% in 2013, and increases like 11.98% in 2014. Recent years show modest growth, with a 1.03% increase in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged 1.77%, indicating steady but slow growth.
Future trends to watch for:
- Stabilized growth, predicted to average a 0.82% CAGR over the next five years.
- Incremental increase in production value up to 8.25 billion Euros by 2028, marking a 4.17% growth.
- Potential impacts of economic and environmental policies on production and costs.
- echnological advancements in processing and supply chain efficiency.