In 2023, the UK imported an estimated 68.55 million kilograms of refined sunflower-seed and safflower oil. The forecast for 2024 indicates a slight decline to 66.24 million kilograms, with a projected annual reduction continuing through 2028, reaching 54.073 million kilograms. The year-on-year percentage decrease from 2024 to 2028 reflects a gradual downtrend. The compound annual growth rate (CAGR) over this five-year period suggests a steady downward trajectory in import volumes.
Future trends to watch for include:
- Potential shifts in consumer dietary preferences towards other oils.
- Changes in global trade policies affecting oil imports.
- Supply chain innovations or disruptions that could impact import volumes.
