United Kingdom: Cream Fresh Market 2024

Cream Fresh Market Size in the UK

In 2022, the UK cream fresh market increased by 7.6% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Cream Fresh Production in the UK

In value terms, cream fresh production declined modestly to $X in 2022 estimated in export price. Over the period under review, production faced a deep setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 28% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Cream Fresh Exports

Exports from the UK

In 2022, after two years of decline, there was growth in overseas shipments of cream fresh, when their volume increased by 1.6% to X tons. In general, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cream fresh exports expanded sharply to $X in 2022. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2017 with an increase of 53%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for cream fresh exports from the UK, with a 27% share of total exports. Moreover, cream fresh exports to the Netherlands exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by France (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+52.2% per year) and France (-17.1% per year).

In value terms, China ($X), the Netherlands ($X) and France ($X) were the largest markets for cream fresh exported from the UK worldwide, together accounting for 67% of total exports. Poland, the United States, Ireland and Germany lagged somewhat behind, together accounting for a further 10%.

Among the main countries of destination, Poland, with a CAGR of +168.0%, recorded the highest growth rate of 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

In 2022, the average cream fresh export price amounted to $X per ton, with an increase of 7.6% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price increased by +22.2% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 38% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Poland ($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 China (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into the UK

In 2022, the amount of cream fresh imported into the UK contracted to X tons, reducing by -9.1% compared with the year before. In general, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cream fresh imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +94.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 57%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ireland (X tons) constituted the largest cream fresh supplier to the UK, accounting for a 66% share of total imports. Moreover, cream fresh imports from Ireland exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. France (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.6% per year) and France (-4.1% per year).

In value terms, Ireland ($X) constituted the largest supplier of cream fresh to the UK, comprising 79% of total imports. The second position in the ranking was taken by France ($X), with a 6.1% share of total imports. It was followed by Poland, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from Ireland totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.8% per year) and Poland (+6.5% per year).

Import Prices by Country

The average cream fresh import price stood at $X per ton in 2022, surging by 39% against the previous year. In general, the import price posted resilient growth. The pace of growth was the most pronounced in 2018 an increase of 41%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Ireland ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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