United Kingdom: Cereal Flour Market 2024

Cereal Flour Market Size in the UK

The UK cereal flour market contracted to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption continues to indicate a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cereal Flour Production in the UK

In value terms, cereal flour production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decline. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Cereal Flour Exports

Exports from the UK

In 2022, shipments abroad of cereal flours increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a slight decline. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cereal flour exports soared to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X tons) was the main destination for cereal flour exports from the UK, accounting for a X% share of total exports. Moreover, cereal flour exports to Ireland exceeded the volume sent to the second major destination, Thailand (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and the Netherlands (X% per year).

In value terms, Ireland ($X) remains the key foreign market for cereal flours exports from the UK, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average cereal flour export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ireland ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Flour Imports

Imports into the UK

In 2022, imports of cereal flours into the UK expanded rapidly to X tons, increasing by X% compared with 2021 figures. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cereal flour imports rose markedly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

France (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of cereal flour imports to the UK, together accounting for X% of total imports. Germany, India, the Netherlands and Ireland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal flour suppliers to the UK were Italy ($X), France ($X) and Germany ($X), together accounting for X% of total imports. Poland, India, the Netherlands and Ireland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cereal flour import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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