United Kingdom: Wood Barrel Market 2025

Wood Barrel Market Size in the UK

In 2022, the UK wood barrel market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a strong expansion 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. Wood barrel consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Wood Barrel Production in the UK

In value terms, wood barrel production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 1.9%. Wood barrel production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wood Barrel Exports

Exports from the UK

In 2022, approx. X units of casks, barrels, vats, tubs, and coopers products of wood were exported from the UK; rising by 12% compared with the previous year. Over the period under review, exports posted measured growth. The pace of growth appeared the most rapid in 2015 when exports increased by 140% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, wood barrel exports declined to $X in 2022. In general, exports saw moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of 138%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for wood barrel exports from the UK, accounting for a 41% share of total exports. Moreover, wood barrel exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was held by Japan (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +69.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+79.2% per year) and Japan (-13.3% per year).

In value terms, the largest markets for wood barrel exported from the UK were Japan ($X), Spain ($X) and Ireland ($X), with a combined 56% share of total exports. These countries were followed by Germany, the Netherlands, France, Denmark and Cuba, which together accounted for a further 24%.

Among the main countries of destination, Germany, with a CAGR of +99.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood barrel export price stood at $X per unit in 2022, which is down by -19.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 85%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Barrel Imports

Imports into the UK

In 2022, overseas purchases of casks, barrels, vats, tubs, and coopers products of wood were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wood barrel imports surged to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +48.3% against 2020 indices. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest wood barrel supplier to the UK, with a 78% share of total imports. Moreover, wood barrel imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X units), fivefold. The third position in this ranking was held by France (X units), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.2% per year) and France (+22.2% per year).

In value terms, the United States ($X), Spain ($X) and France ($X) were the largest wood barrel suppliers to the UK, with a combined 96% share of total imports.

In terms of the main suppliers, France, with a CAGR of +32.5%, saw 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

The average wood barrel import price stood at $X per unit in 2022, with an increase of 2.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. The most prominent rate of growth was recorded in 2015 an increase of 15% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Spain ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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