In 2023, the UK's import of fresh or chilled peas stood at 68.5 million USD. Forecasted figures for 2024 suggest a growth of 1.74% to 69.688 million USD, with consistent annual increases anticipated, reaching 74.67 million USD by 2028.
Year-on-year growth rates show a steady increase, hinting towards positive market conditions. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.7%, indicating modest but consistent market expansion over the five-year period.
Future trends to watch for:
- Changing consumer preferences towards fresh produce might boost demand further.
- Trade agreements post-Brexit could influence import tariffs and market accessibility.
- Weather impacts on domestic production might affect import levels.