United Kingdom: Festive Articles Market 2024

Festive Articles Market Size in the UK

The UK festive articles market totaled $X in 2022, increasing by 6.1% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.0% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Festive Articles Production in the UK

In value terms, festive articles production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 6.3%. Festive articles production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Festive Articles Exports

Exports from the UK

In 2022, shipments abroad of festive or carnival articles was finally on the rise to reach X tons after four years of decline. In general, exports, however, showed a perceptible reduction. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, festive articles exports soared to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for festive articles exports from the UK, accounting for a 26% share of total exports. Moreover, festive articles exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+11.5% per year) and Germany (-9.8% per year).

In value terms, the largest markets for festive articles exported from the UK were Ireland ($X), Germany ($X) and the United States ($X), together accounting for 40% of total exports. The Netherlands, France, Hong Kong SAR, Italy, Australia, China, Sweden, Poland, the United Arab Emirates and Belgium lagged somewhat behind, together comprising a further 41%.

Among the main countries of destination, China, with a CAGR of +50.3%, saw 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

In 2022, the average festive articles export price amounted to $X per ton, with an increase of 4.3% against the previous year. In general, the export price, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Poland ($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 the United States (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Festive Articles Imports

Imports into the UK

In 2022, overseas purchases of festive or carnival articles increased by 8.3% to X tons, rising for the second consecutive year after four years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 18%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, festive articles imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main supplier of festive articles to the UK, with a 93% share of total imports. It was followed by Indonesia (X tons), with a 2.7% share of total imports. The third position in this ranking was taken by the United States (X tons), with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+20.0% per year) and the United States (-12.9% per year).

In value terms, China ($X) constituted the largest supplier of festive or carnival articles to the UK, comprising 92% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.2% share of total imports. It was followed by Indonesia, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.4% per year) and Indonesia (+20.2% per year).

Import Prices by Country

In 2022, the average festive articles import price amounted to $X per ton, surging by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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