The UK is forecasted to see a steady increase in imports of refined cane or beet sugar, maple sugar, and maple syrup over the next five years, with volumes growing from 15.027 million kilograms in 2024 to 17.499 million kilograms by 2028. Comparing to 2023, there's a consistent year-on-year growth averaging around 2-4%. The 5-year compound annual growth rate (CAGR) suggests an incremental annual rise of approximately 3% in import volumes.
Future trends to watch for include:
- Fluctuations in global sugar prices which may affect import volumes and cost structures.
- Changes in UK consumer preferences towards healthier alternatives could impact demand.
- Trade policies and agreements post-Brexit could influence supply chains and import dynamics.