In the United Kingdom, the forecasted export volume of rapeseed and mustard oil is projected to decline progressively from 2024, standing at 170.0 thousand metric tons, to 155.0 thousand metric tons in 2028. In 2023, the export volume was slightly higher than the forecasted 2024 figure, showing a gradual downward trend over the years. The year-on-year decrease ranges from approximately 2.4% to 2.5%, with a compound annual growth rate (CAGR) reflecting an average yearly decline over the projected period.
Future trends to watch include potential shifts in global demand and trade policies, technological advancements in oil production, and climate impacts on oilseed crops, which could influence the UK’s export volume dynamics over the long term.
