The import of unsweetened cocoa powder to the UK is projected to increase from 29.144 million kilograms in 2024 to 32.53 million kilograms in 2028. In comparison, the import volume in 2023 was not provided, making it difficult to quantify trends from 2023 to 2024.
Year-on-year growth is forecasted as follows:
- 2024 to 2025: 2.99%
- 2025 to 2026: 2.85%
- 2026 to 2027: 2.72%
- 2027 to 2028: 2.59%
The five-year CAGR from 2024 to 2028 is approximately 2.78%.
Future trends include monitoring global cocoa production levels, trade agreements post-Brexit, and potential price fluctuations due to climate change or geopolitical tensions, all of which could significantly impact UK import dynamics.
