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.