United Kingdom: Cereal Germ Market 2024

Cereal Germ Market Size in the UK

The UK cereal germ market shrank to $X in 2021, with a decrease of -6% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Cereal Germ Production in the UK

In value terms, cereal germ production totaled $X in 2021 estimated in export price. In general, production continues to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when the production volume increased by 9.3%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Cereal Germ Exports

Exports from the UK

In 2021, overseas shipments of cereal germ decreased by -14.8% to X tons, falling for the fifth consecutive year after three years of growth. In general, exports recorded a dramatic descent. The growth pace was the most rapid in 2015 with an increase of 120%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, cereal germ exports contracted to $X in 2021. Overall, exports saw a significant contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 101% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Kenya (X tons), Ireland (X tons) and Tanzania (X tons) were the main destinations of cereal germ exports from the UK, together comprising 78% of total exports.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +280.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) emerged as the key foreign market for cereal germ exports from the UK, comprising 52% of total exports. The second position in the ranking was held by Tanzania ($X), with a 14% share of total exports. It was followed by Ireland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kenya amounted to +62.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+384.8% per year) and Ireland (-18.7% per year).

Export Prices by Country

In 2021, the average cereal germ export price amounted to $X per ton, rising by 9.6% against the previous year. In general, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 402%. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Germ Imports

Imports into the UK

After seven years of decline, overseas purchases of cereal germ increased by 4.8% to X tons in 2021. Over the period under review, imports, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 14% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, cereal germ imports contracted to $X in 2021. Overall, imports, however, saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Ireland (X tons) constituted the largest supplier of cereal germ to the UK, with a 66% share of total imports. Moreover, cereal germ imports from Ireland exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by the Netherlands (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ireland amounted to -24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+52.5% per year) and the Netherlands (-10.5% per year).

In value terms, Ireland ($X) constituted the largest supplier of cereal germ to the UK, comprising 45% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Ireland amounted to -19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.9% per year) and India (+48.4% per year).

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2021, dropping by -11.2% against the previous year. Overall, the import price, however, showed a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 24%. The import price peaked at $X per ton in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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