In 2023, the import volume for butter and ghee in the United Kingdom was notably higher than the projected data for subsequent years. The forecast suggests a gradual decline from 71 thousand metric tons in 2024 to 64 thousand metric tons in 2028. This indicates a negative trend, with a year-on-year decrease of approximately 2.8% in 2025, 1.4% in 2026, 2.9% in 2027, and 3.0% in 2028, leading to an overall five-year CAGR of -2.6%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative dairy products.
- Impact of trade agreements post-Brexit affecting import dependencies.
- Economic factors influencing purchasing power and import capacity.
