In 2023, the UK imported 791.0 million kilograms of starches and starch products. From 2024 onwards, a gradual decline is forecasted, with imports decreasing from 786.45 million kilograms in 2024 to 767.18 million kilograms by 2028. This results in a year-on-year decrease of approximately 0.60% each year. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected at -0.57%, indicating a consistent downward trend in volume.
Future trends to watch for include:
- Changes in domestic demand impacting import needs.
- Potential policy changes affecting import regulations and trade agreements post-Brexit.
- Technological advancements in domestic production possibly reducing reliance on imports.