In 2023, the import value of bovine, sheep, and goat fats to the UK stood at an actual figure of approximately 23.3 million US dollars. The forecast from 2024 to 2028 suggests a steady but modest increase, with the value expecting to reach 23.39 million US dollars by 2028. This represents a continual growth trend, with an average Compound Annual Growth Rate (CAGR) reflecting very minimal annual increases.
Future trends to watch for include:
- Economic factors affecting the UK’s import capacity and demand for these specific animal fats.
- Changes in dietary trends or health regulations that might influence consumption patterns.
- Potential developments in the international market for livestock-based products.
- Impacts of international trade agreements on import tariffs and prices.
