The UK agricultural and livestock output has shown a consistent upward trend from 2013 to 2023, growing from £25.88 billion to £32.67 billion. Despite some fluctuations, including slight declines in 2015 and 2016, the overall trend has been positive. In the past two years, notably from 2021 to 2023, the output grew by 6.91%, with an average year-on-year increase of 1.78%. The CAGR over the last five years stands at 2.35%, reflecting steady growth.
The forecast data indicates a continued rise in agricultural output, reaching an estimated £35.6 billion by 2028. This projection shows an average annual growth rate of 1.35%, with an overall growth rate of 6.95% over the next five years.
Future trends to watch include the impact of climate change on crop yields, advancements in agricultural technology, potential policy changes in post-Brexit UK, and shifts in global trade patterns. Monitoring these factors will be crucial for accurate forecasting and strategic planning in the sector.
