The sold production of orange juice in the UK, expressed in value, has seen considerable fluctuations from 2013 to 2023, standing at 388.93 million Euros in 2023. Starting from a baseline of 243.06 million Euros in 2013, the industry experienced dynamic growth, with notable peaks in 2015 and 2018 and some declines in intervening years. The YoY variations notably ranged with a high of 36.73% in 2015 and a slump of -14.48% in 2019. The CAGR over the last five years was -1.24%, reflecting a modest yet negative growth. Looking at projections, the CAGR forecast for the next five years is 0.97%, with a cumulative growth rate of 4.96% by 2028, signaling a steady recovery.
Future trends to watch for:
- Potential impacts of Brexit on import tariffs and supply chains.
- Consumer preferences shifting towards healthier and sustainable options.
- Technological advancements in production increasing efficiency.
- Global climate change potentially affecting orange crop yields.
