United Kingdom: Cream Market 2021

Cream Market Size in the UK

The UK cream market reached $X in 2020, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is likely to continue growth in the immediate term.

Cream Production in the UK

In value terms, cream production reached $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Cream production peaked at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Cream Exports

Exports from the UK

For the fourth year in a row, the UK recorded decline in overseas shipments of cream, which decreased by -X% to X tons in 2020. Over the period under review, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, cream exports reached $X in 2020. Overall, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for cream exports from the UK, accounting for a X% share of total exports. Moreover, cream exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was occupied by France (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and France (-X% per year).

In value terms, the largest markets for cream exported from the UK were France ($X), Belgium ($X) and Germany ($X), together accounting for X% of total exports.

In terms of the main countries of destination, France saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cream export price stood at $X per ton in 2020, picking up by X% against the previous year. Overall, the export price saw notable growth. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. The export price peaked in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Cream Imports

Imports into the UK

In 2020, overseas purchases of cream increased by X% to X tons, rising for the ninth year in a row after two years of decline. Over the period under review, total imports indicated a buoyant increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2011 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, cream imports rose notably to $X in 2020. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Ireland (X tons) constituted the largest cream supplier to the UK, with a X% share of total imports. Moreover, cream imports from Ireland exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Ireland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Germany (-X% per year).

In value terms, Ireland ($X) constituted the largest supplier of cream to the UK, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Ireland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and France (+X% per year).

Import Prices by Country

The average cream import price stood at $X per ton in 2020, growing by X% against the previous year. In general, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ireland, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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