In 2023, the UK imported 32.5 million kilograms of refined olive oil and fractions. The import forecast shows a gradual increase over the next five years, reaching 35.184 million kilograms by 2028. Year-on-year, we observe a consistent growth of approximately 1.76% from 2024 to 2025, 1.69% from 2025 to 2026, 1.63% from 2026 to 2027, and 1.57% from 2027 to 2028. Over this period, the compound annual growth rate (CAGR) is around 1.65%.
Future trends to watch include the impact of global olive oil supply fluctuations, potential changes in trade agreements post-Brexit, and evolving consumer preferences for healthier cooking oils. Monitoring these factors will be crucial for accurately forecasting refined olive oil imports beyond 2028.
