United Kingdom: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in the UK

The UK non-wheat cereal pellets market skyrocketed to $X in 2021, rising by 19% against the previous year. Over the period under review, consumption recorded prominent growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Non-Wheat Cereal Pellets Production in the UK

In value terms, non-wheat cereal pellets production rose modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Non-Wheat Cereal Pellets Exports

Exports from the UK

In 2021, shipments abroad of cereal pellets (excluding wheat) increased by 463% to X tons, rising for the fourth year in a row after five years of decline. Over the period under review, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-wheat cereal pellets exports skyrocketed to $X in 2021. In general, exports, however, saw a slight contraction. The pace of growth appeared the most rapid in 2020 with an increase of 328% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for non-wheat cereal pellets exports from the UK, with a 70% share of total exports. Moreover, non-wheat cereal pellets exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. Poland (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +746.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+117.3% per year) and Poland (+34.6% per year).

In value terms, the United States ($X) remains the key foreign market for cereal pellets (excluding wheat) exports from the UK, comprising 67% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by Spain, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +473.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+112.2% per year) and Spain (+131.9% per year).

Export Prices by Country

In 2021, the average non-wheat cereal pellets export price amounted to $X per ton, dropping by -31.4% against the previous year. Over the period under review, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 245% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 Ireland (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Cereal Pellets Imports

Imports into the UK

For the fifth consecutive year, the UK recorded growth in purchases abroad of cereal pellets (excluding wheat), which increased by 23% to X tons in 2021. In general, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 534% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, non-wheat cereal pellets imports soared to $X in 2021. Overall, imports recorded resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 674% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Lithuania (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of non-wheat cereal pellets imports to the UK, together accounting for 68% of total imports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +389.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-wheat cereal pellets suppliers to the UK were Germany ($X), Spain ($X) and Lithuania ($X), together accounting for 54% of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of +266.6%, saw the highest growth rate of 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 non-wheat cereal pellets import price stood at $X per ton in 2021, with an increase of 14% against the previous year. Overall, the import price, however, saw a mild slump. The pace of growth was the most pronounced in 2016 an increase of 62%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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