The import of fruits and spores seed for sowing to the UK is projected to experience a gradual decline from 2024 to 2028. In 2023, the actual import value stood at a point reflecting the starting base for subsequent forecasts. Between 2024 and 2025, the imports are expected to decrease slightly, with a year-on-year variation of around -0.39%. A similar trend continues each year, with values declining marginally until 2028.
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period indicates a steady decrease, signifying a slight contraction in the market.
Future trends to watch include:
- Potential impacts of changing agricultural policies post-Brexit, which may affect import volumes.
- Shifts in UK domestic agricultural production which could influence the demand for imported seeds.
- Technological advancements and increased focus on sustainability in agriculture.