From 2013 to 2023, the wheat use for milling in the UK has seen varying trends, with values starting at 6.4 million metric tons in 2013, peaking at 7.25 million metric tons in 2016, and facing a significant dip to 0.9606 million metric tons in 2020 due to disruptions, likely from the global pandemic. However, recovery has been notable, with 2023 showing an increase to 6.28 million metric tons. The year-on-year variation for 2023 was a positive 20.87%, and the last five-year CAGR stands at 0.65%.
Looking ahead from 2024, the forecast indicates steady growth in wheat use for milling, with projections reaching 6.45 million metric tons by 2028. The forecasted five-year average annual growth rate (CAGR) is 0.41%, indicating a modest but stable increase. Key future trends to watch include the impact of climatic changes on wheat yield, technological advancements in milling processes, and potential geopolitical influences on wheat supply chains.
