United Kingdom: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in the UK

The UK buttermilk and buttermilk powder market was finally on the rise to reach $X in 2022, after seven years of decline. Overall, consumption, however, showed a abrupt descent. Buttermilk and buttermilk powder consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Buttermilk And Buttermilk Powder in the UK

In value terms, buttermilk and buttermilk powder production reached $X in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 73% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from the UK

In 2022, approx. X tons of buttermilk and buttermilk powder were exported from the UK; with an increase of 7.7% compared with the previous year. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 76% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, buttermilk and buttermilk powder exports surged to $X in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for buttermilk and buttermilk powder exports from the UK, accounting for a 32% share of total exports. Moreover, buttermilk and buttermilk powder exports to Ireland exceeded the volume sent to the second major destination, the Philippines (X tons), eightfold. Saudi Arabia (X tons) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+37.2% per year) and Saudi Arabia (+72.6% per year).

In value terms, the Philippines ($X), Ireland ($X) and Saudi Arabia ($X) were the largest markets for buttermilk and buttermilk powder exported from the UK worldwide, together accounting for 37% of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +71.6%, 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 buttermilk and buttermilk powder export price stood at $X per ton in 2022, increasing by 20% against the previous year. Overall, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 40%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Ireland ($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 the Philippines (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into the UK

In 2022, overseas purchases of buttermilk and buttermilk powder were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, buttermilk and buttermilk powder imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a perceptible setback. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of buttermilk and buttermilk powder imports to the UK, with a combined 78% share of total imports. Poland, Spain, the Netherlands and Ireland lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +18.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Belgium ($X) and Germany ($X) appeared to be the largest buttermilk and buttermilk powder suppliers to the UK, together accounting for 74% of total imports. Poland, Spain, Ireland and the Netherlands lagged somewhat behind, together accounting for a further 23%.

Poland, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average buttermilk and buttermilk powder import price stood at $X per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform

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