In 2024, the UK's import of agricultural sprays and powder dispersers is forecasted to begin at 5.5589 million, gradually increasing to 6.1377 million by 2028. The forecast indicates a steady growth trajectory, with year-on-year increases ranging between approximately 2% to 3%. Based on market activity up to 2023, there is an average compound annual growth rate (CAGR) of around 2.5% predicted over the five-year period from 2024 to 2028. This suggests a consistent but moderate upward trend in imports.
Future trends to watch for:
- Potential impact of new agricultural policies or trade agreements post-Brexit on import levels.
- Technological advancements in agricultural spray and dispersal equipment which may alter import demands.
- Environmental regulations potentially affecting the types and quantities of products imported.