United Kingdom: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in the UK

In 2022, after three years of growth, there was decline in the UK pasta and couscous market, when its value decreased by -4.1% to $X. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then declined modestly in the following year.

Pasta And Couscous Production in the UK

In value terms, pasta and couscous production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 5.1% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pasta And Couscous Exports

Exports from the UK

In 2022, approx. X tons of stuffed pasta and couscous were exported from the UK; waning by -19.2% on the year before. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 83%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, pasta and couscous exports contracted slightly to $X in 2022. In general, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -32.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for pasta and couscous exports from the UK, accounting for a 31% share of total exports. Moreover, pasta and couscous exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.5% per year) and the United States (+52.2% per year).

In value terms, Ireland ($X), France ($X) and the Netherlands ($X) appeared to be the largest markets for pasta and couscous exported from the UK worldwide, with a combined 48% share of total exports. Germany, Australia, the United States, Poland, Denmark, Italy, Spain, Belgium and Israel lagged somewhat behind, together accounting for a further 25%.

Poland, with a CAGR of +56.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pasta and couscous export price stood at $X per ton in 2022, with an increase of 22% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into the UK

In 2022, overseas purchases of stuffed pasta and couscous decreased by -42.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, pasta and couscous imports dropped dramatically to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of pasta and couscous to the UK, with a 29% share of total imports. Moreover, pasta and couscous imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. France (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.3% per year) and France (+8.0% per year).

In value terms, Italy ($X) constituted the largest supplier of stuffed pasta and couscous to the UK, comprising 27% of total imports. The second position in the ranking was held by China ($X), with a 9.7% share of total imports. It was followed by Lithuania, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.2% per year) and Lithuania (+45.0% per year).

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, jumping by 41% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta and couscous import price increased by +86.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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