In 2023, the UK imported millet valued at 14.9 million kilograms. The forecast for 2024 suggests a slight decrease to 14.779 million kilograms. This trend continues with a consistent decline each year, reaching 14.212 million kilograms by 2028. The year-on-year percentage shows a negligible decrease, indicating a gradual but consistent reduction over time. The Compound Annual Growth Rate (CAGR) for 2024-2028 reflects a consistent downward trend.
Future trends to watch for include:
- The impact of changing dietary trends and increased popularity of gluten-free products.
- Potential shifts in agricultural policies affecting millet imports.
- Exchange rate fluctuations influencing import costs and subsequent volumes.
