United Kingdom: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in the UK

The UK meat meals and pellets market shrank modestly to $X in 2021, waning by -3.3% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.2% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in the UK

In value terms, meat meals and pellets production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 34% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from the UK

In 2021, overseas shipments of flours, meals and pellets of meat or meat offal decreased by -6.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 37%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, meat meals and pellets exports skyrocketed to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 43% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons), Malaysia (X tons) and Chile (X tons) were the main destinations of meat meals and pellets exports from the UK, together comprising 43% of total exports. Thailand, Cambodia, South Africa, Italy, France, Indonesia, Myanmar, the Philippines, the Netherlands and Nigeria lagged somewhat behind, together comprising a further 48%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +463.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Chile ($X) and Thailand ($X) appeared to be the largest markets for meat meals and pellets exported from the UK worldwide, together accounting for 43% of total exports. South Africa, Malaysia, Cambodia, France, Indonesia, the Netherlands, Myanmar, Italy, Nigeria and the Philippines lagged somewhat behind, together accounting for a further 47%.

Indonesia, with a CAGR of +388.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average meat meals and pellets export price amounted to $X per ton, rising by 46% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat meals and pellets export price increased by +84.9% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to the Philippines ($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 Myanmar (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into the UK

In 2021, after two years of growth, there was significant decline in purchases abroad of flours, meals and pellets of meat or meat offal, when their volume decreased by -14.3% to X tons. Overall, imports continue to indicate a slight contraction. The growth pace was the most rapid in 2017 when imports increased by 51% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, meat meals and pellets imports rose notably to $X in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.7% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 65%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Ireland (X tons) constituted the largest supplier of meat meals and pellets to the UK, accounting for a 47% share of total imports. Moreover, meat meals and pellets imports from Ireland exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ireland amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.8% per year) and the Netherlands (-1.6% per year).

In value terms, the largest meat meals and pellets suppliers to the UK were the Netherlands ($X), Spain ($X) and Ireland ($X), together comprising 76% of total imports. These countries were followed by Hungary, France and the United States, which together accounted for a further 20%.

Hungary, with a CAGR of +141.3%, recorded the highest growth rate of 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

In 2021, the average meat meals and pellets import price amounted to $X per ton, with an increase of 28% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat meals and pellets import price increased by +47.4% against 2016 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :