The forecasted import of soya beans to the UK shows a gradual decline from 2024 to 2028, beginning at 723.5 million kilograms in 2024 and decreasing to 708.22 million kilograms in 2028. In 2023, the actual imports stood slightly above the 2024 forecast, indicating a consistent downward trend. Year-on-year analysis reflects this steady decrease, accounting for a minor percentage reduction annually. The compound annual growth rate (CAGR) over these five years continues this downward trend, suggesting minor yet persistent decreases each year.
Future trends to watch for include shifting global market dynamics, potential changes in trade agreements post-Brexit, and the impact of environmental policies on agricultural imports, which may influence these forecasts.
