The provided data indicates a forecasted increase in palm oil export volume from the United Kingdom. In 2023, the export volume stood at an undisclosed baseline figure, with forecasts for 2024 to 2028 predicting steady increments: 2024 (51.0K MT), 2025 (52.0K MT), 2026 (54.0K MT), 2027 (55.0K MT), and 2028 (57.0K MT). This translates to a year-on-year growth of approximately 1.96% from 2024 to 2025, and an average annual growth (CAGR) over five years of about 2.83%, underpinning a gradual increase in export volume.
Future trends to monitor include:
- Global palm oil market demand changes, particularly in Europe.
- Regulatory shifts impacting palm oil use or trade, especially environmental policies.
- Technological advancements in palm oil production or export logistics.