The UK is projected to see a consistent decline in the import of milk and cream with fat content exceeding 21% in packings over 2 liters. Starting from 5.4068 million kilograms in 2024, it is expected to decrease to 3.2403 million kilograms by 2028. This represents a compounded annual growth rate (CAGR) of a negative rate over the period from 2024 to 2028. The year-on-year decrease is evident, with imports shrinking continuously year after year.
Future trends warranting attention include:
- Potential shifts in consumer preferences towards plant-based alternatives.
- Implications of possible trade policies and regulations post-Brexit on dairy imports.
- Innovations in local production technologies which may lead to reduced reliance on imports.