Forecast: Import of Refined Canola, Rape, Colza or Mustard Oil Fractions to the UK

In 2023, the import volume of refined canola, rape, colza, or mustard oil fractions to the UK was at 86.9 million kilograms. From 2024 onwards, the projected year-on-year growth ranges between 0.89% and 0.80%, reflecting a moderate but steady increase. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is forecasted at approximately 0.85%.

Future trends to watch include:

  • Potential impacts of trade policies post-Brexit on import levels.
  • Shifts in consumer preferences towards healthier oil options potentially affecting demand.
  • Global market volatility and its effect on pricing and supply stability.

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