The UK's agricultural raw materials exports as a percentage of goods exports have shown a gradual decline in the forecasted years from 2024 to 2028. Starting at 0.48% in 2024, the ratio decreases consistently to 0.44% by 2028. The consistent downward trend indicates a slight annual reduction of approximately 0.01 percentage points, pointing towards a decreasing share of agricultural raw materials within the UK's overall goods exports compared to the years before 2024.
Future trends to watch for:
- Potential impacts of trade agreements post-Brexit that may influence export dynamics.
- Shifts towards more sustainable agricultural practices that may affect production and export ratios.
- Global demand fluctuations and economic conditions potentially reshaping export strategies.