In 2023, the UK's import of lemon essential oils stood at 12.5 million USD. The forecast for the years 2024 to 2028 indicates a steady decline in imports, with 2024 starting at 11.214 million USD and dropping significantly to 6.6728 million USD by 2028. Year-on-year variations present a consistent downtrend, with a notable average annual decrease (CAGR) of approximately 12.7% over this five-year period.
Future trends to watch for include:
- Potential shifts in consumer preferences affecting demand for lemon essential oils.
- Changes in trade policies or tariffs impacting import costs and volumes.
- Emerging substitute products that may influence market dynamics.