United Kingdom: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in the UK

The UK wheat and meslin flour market reduced slightly to $X in 2022, falling by -1.7% against the previous year. Over the period under review, consumption recorded a pronounced contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Wheat and Meslin Flour in the UK

In value terms, wheat and meslin flour production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2013 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports from the UK

In 2022, overseas shipments of wheat and meslin flour increased by 24% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a slight descent. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, wheat and meslin flour exports surged to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for wheat and meslin flour exports from the UK, accounting for a 60% share of total exports. Moreover, wheat and meslin 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 2% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+17.9% per year) and the Netherlands (-8.3% per year).

In value terms, Ireland ($X) remains the key foreign market for wheat and meslin flour exports from the UK, comprising 52% of total exports. The second position in the ranking was taken by Thailand ($X), with a 3.7% share of total exports. It was followed by the Netherlands, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+18.5% per year) and the Netherlands (-6.1% per year).

Export Prices by Country

In 2022, the average wheat and meslin flour export price amounted to $X per ton, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Ireland ($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 (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into the UK

In 2022, approx. X tons of wheat and meslin flour were imported into the UK; picking up by 5.4% on the previous year. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 73% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wheat and meslin flour imports skyrocketed to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +70.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 45% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Italy (X tons), Poland (X tons) and France (X tons) were the main suppliers of wheat and meslin flour imports to the UK, together comprising 63% of total imports. India, Germany, Ireland and Lithuania lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of wheat and meslin flour to the UK, comprising 33% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.6% per year) and France (-4.5% per year).

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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