In 2023, the UK's oilseeds trade balance stood at approximately 1.12 million metric tons. The forecast indicates a steady increase from 2024 through 2028, reaching 1.22 million metric tons. This represents a consistent year-on-year growth rate of about 1.75% from 2024 to 2028, with a projected compound annual growth rate (CAGR) of around 1.75% over the five years.
Future trends to watch include:
- Impact of global climatic conditions on oilseed production
- Changes in international trade policies that could affect imports and exports
- Shifts in consumer demand for oilseed products
