The UK forecast for crude soya-bean oil production shows a steady year-on-year increase from 2024 to 2028. In 2023, actual production stood at an estimated 83.5 million kilograms. From 2024 to 2025, the increase is approximately 0.53%, followed by similar annual growth rates in subsequent years, culminating in a cumulative rise of 2.03% by 2028. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is projected to be around 0.5%. This indicates a modest, yet consistent growth in production.
Future trends to watch for include:
- Potential fluctuations in global soybean prices which could affect production costs and volumes.
- Shifts in consumer preferences towards more sustainable and organic products, influencing production methods.
- Trade policies post-Brexit that might impact imports and exports, thereby affecting domestic production levels.
