The forecast for the import of lard, other pig fat, and poultry fat to the UK from 2024 to 2028 indicates a declining trend. Starting from 10.223 million kilograms in 2024, imports are expected to decrease annually, reaching 7.2804 million kilograms by 2028. This reflects a consistent year-on-year decline, suggesting a gradual reduction in imports over five years.
Trends to watch for include:
- Potential shifts in consumer preferences towards plant-based alternatives, reducing the demand for animal fats.
- Regulatory changes impacting imports and trade agreements post-Brexit that could influence these figures.
- Technological advancements in the production of alternative fats that may further drive down traditional imports.
- Macroeconomic factors such as inflation and exchange rates affecting import costs and volumes.