From 2014 to 2022, the Oilseeds Seed market in the United Kingdom of Great Britain and Northern Ireland experienced fluctuations, with values ranging between 7.0 and 11.0 Thousand Metric Tons. As of 2023, the market stood at 8.0 Thousand Metric Tons, marking an 11.11% decline compared to the previous year.
Key trends and variations over the last few years include:
- The year 2014 saw a value of 11.0, similar to 2015, representing a stagnant trend early in the period.
- 2016 experienced a significant drop of 18.18%.
- 2017 saw a brief recovery with an 11.11% increase.
- From 2018 onwards, the values remained stable at 9.0 for several years before decreasing to 8.0 in 2023.
The Compound Annual Growth Rate (CAGR) over the last five years was -2.33%, indicating a declining trend in the market.
Looking ahead, the forecasted data suggest a continued decrease in the market size, with a projected 2028 value of 7.0 Thousand Metric Tons, resulting in a forecasted 5-year CAGR of -2.64% and an overall growth rate of -12.5% by 2028. Future trends to watch for include the impact of agricultural policies, technological advancements, and climate change on oilseed production.
