In 2023, the agricultural services output in the UK was valued at a lower level compared to the forecasted value of 1.57 billion Euros in 2024. Over the forecast period, the output shows a consistent upward trend, growing slightly each year, reaching 1.66 billion Euros by 2028. This steady growth represents a compound annual growth rate (CAGR) reflecting a moderate yet stable increase in production capacity.
Future trends to watch for include:
- The impact of technological advancements in agricultural practices, which may further enhance productivity.
- Potential policy changes in the UK that could affect agricultural funding and support.
- Global market conditions and trade agreements that could influence export opportunities.