Based on forecasts, the UK’s import of bulk chocolate and food preparation containing cocoa is expected to steadily increase from 73.15 million kg in 2024 to 78.709 million kg in 2028. In 2023, the recorded import volume is the baseline for these projected increases. Year-on-year growth shows a consistent upward trend of approximately 1.9% to 2% annually. The compound annual growth rate over the five-year forecast period is similarly around 1.9%.
Future trends to watch for include:
- Potential fluctuations in global cocoa prices affecting import volumes and costs.
- Developments in consumer preferences, particularly for sustainably sourced and high-quality chocolate.
- Trade agreements or policies impacting import regulations and tariffs in the UK.
