The forecast for the import of refined maize oil and fractions to the UK from 2024 to 2028 indicates a declining trend, with values decreasing from $1.6477 million in 2024 to $0.50315 million in 2028. Compared to 2023, this represents a significant decline, as the baseline data must be considered flat or increasing for a more pronounced trend. The year-on-year percentage variations show a consistent reduction each year, highlighting a contraction in demand or shifts in sourcing strategy. The compounded annual growth rate (CAGR) over the five-year period underlines this decremental trend at an average yearly decline.
Future trends to watch for include changes in UK import regulations post-Brexit, fluctuations in global maize oil prices, and potential shifts in consumer preferences towards healthier or alternative oils, impacting demand for refined maize oil.
