The forecast for sold production of refined sunflower-seed and safflower oil in the UK shows a consistent decline from 2024 to 2028, with values decreasing from 48.512 million euros in 2024 to 35.781 million euros in 2028. Compared to the actual figure from 2023, this represents a significant downward trend, with a year-on-year variance of approximately -6.8% between 2024 and 2025, -7.1% between 2025 and 2026, -7.5% between 2026 and 2027, and -8% between 2027 and 2028. The compound annual growth rate (CAGR) over the five-year forecast is about -6.5%.
Future trends to watch for include potential impacts of global supply chain disruptions, changes in agricultural policies, consumer preferences towards sustainable and organic oils, and the financial implications of Brexit on trade and import-export tariffs. These factors could accelerate or reverse the observed trend in the UK’s refined oil production market.
