The import of coffee to the UK is forecasted to rise steadily from 2024 to 2028, increasing from 1.296 billion USD in 2024 to 1.4364 billion USD in 2028. As of 2023, the value stood at 1.25 billion USD. The year-on-year growth shows a consistent upward trend, with percentage increases year-over-year reflecting stability in demand and import growth in the UK coffee market.
Specifically:
- 2024: +3.68%
2025: +2.78%
2026: +2.66%
2027: +2.54%
2028: +2.43%
The compound annual growth rate (CAGR) over the next five years is approximately 2.82%, indicating an average annual increase in the import value during this period.
Future trends to watch for include potential impacts of trading policies post-Brexit, fluctuations in global coffee supply and prices, shifts in UK consumer preferences towards premium and specialty coffee, and the sustainability trend influencing import origins and fair trade practices.