The UK’s import of milk and cream with a fat content exceeding 21% in packings not exceeding 2 liters is forecasted to decrease gradually from 2024 to 2028. In 2023, imports stood at XX million kilograms, providing a comparison to evaluate upcoming changes. The year-on-year decrease is modest, around 0.52% from 2024 to 2025, continuing through to a similar annual rate until 2028.
The compound annual growth rate (CAGR) reflects a negative trend, indicating a consistent decrease in import volume over the next five years.
Future trends to watch for include:
- Shifts in consumer preferences towards plant-based alternatives could further impact demand.
- Trade agreements post-Brexit may affect pricing and supply dynamics.
- Changes in dietary guidelines or regulations concerning high-fat dairy products.