In 2023, the actual import volume of refined groundnut oil to the UK stood at approximately 2.778 million kilograms. The forecasted data from 2024 to 2028 shows a slow but steady declining trend in imports. The year-on-year variation indicates a slight decrease, with minimal variation, as the values decline steadily year by year. The compound annual growth rate (CAGR) suggests an overall negative average annual change over the forecast period.
Future trends to watch for include potential changes in consumer preferences, any shifts in trade policies post-Brexit affecting imports, and possible innovations in alternative oil products that might substitute groundnut oil in the UK market.
