In 2023, the import value of vinegar and substitutes for vinegar from acetic acid to the UK was recorded at approximately 58.5 million US dollars. From 2024 to 2028, the forecasted values show a steady growth trend, starting at 60.094 million dollars in 2024 and reaching 66.809 million dollars by 2028. On a year-on-year basis, the import value is projected to increase by approximately 2.88% from 2024 to 2025, and by similar margins in subsequent years. The compound annual growth rate (CAGR) over the five-year forecast period is anticipated to be around 2.67%.
Future trends to watch for:
- Potential policy changes regarding import tariffs and trade agreements.
- Shifts in consumer preferences towards organic and locally sourced products.
- Market supply fluctuations impacting acetic acid production and pricing.
- Environmental concerns influencing sustainable production methods.
