Forecast: Import of Refined Maize Oil to the UK

The import of refined maize oil to the UK is projected to substantially decline from 875.36 thousand kilograms in 2024 to 74.53 thousand kilograms by 2028. This represents a significant year-on-year reduction, with a sharp average compound annual growth rate (CAGR) indicating a steady five-year decline. In 2023, the import was the base year for this forecast, thus highlighting a consistent downward trend in subsequent years.

Future trends to watch for include:

  • Potential shifts in domestic production capacities impacting import levels.
  • Changes in consumer preferences towards healthier oil alternatives.
  • Economic factors influencing trade policies and import costs.
  • Environmental policies affecting agricultural practices and export restrictions.

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