In 2023, the UK imported milk and cream valued at approximately 260 million US dollars. The forecast for 2024 shows an increase to 265.62 million US dollars. From 2025 to 2028, a steady year-on-year growth is projected, with imports reaching 290.98 million US dollars by 2028. On average, the compound annual growth rate (CAGR) over these five years is moderate, reflecting a gradual increase in demand or pricing dynamics.
Future trends to watch for include:
- Potential tariff changes post-Brexit that may affect import costs.
- Fluctuations in global milk prices due to supply chain disruptions or climate impacts.
- Increasing consumer preference for plant-based alternatives possibly slowing growth.