The sunflowerseed oil market in the United Kingdom of Great Britain and Northern Ireland has shown slight fluctuations over the past decade. From 2014 to 2017, volumes experienced a minor decline and subsequent recovery. By 2017, volumes peaked at 135.0 thousand metric tons, followed by a slight decrease in 2018. From 2019 through 2023, stable consumption maintained the volume at 132.0 thousand metric tons. Notably, the Compound Annual Growth Rate (CAGR) for the previous five years stood at 0.15%. The forecast from 2024 to 2028 projects no significant change, with the volume remaining steady at 132.0 thousand metric tons.
Key trends observed:
- Volume variations from 2014 to 2023 were minor, indicating a relatively stable demand.
- From 2017, there was a slight peak in demand, which normalized by 2019.
- For the past few years, the volume has plateaued, with zero year-on-year change from 2019 to 2023.
- The forecast for the next five years shows a steady volume, with no anticipated growth.
Future trends to watch for:
- Potential shifts in consumer preferences toward healthier or alternative oils.
- Market impact from Brexit and any new trade policies affecting import and pricing.
- Technological advancements in oil extraction and production.
- Influence of environmental and sustainability factors on product demand.
