United Kingdom: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in the UK

The UK prepared dish and meal market declined to $X in 2021, with a decrease of -11.7% against the previous year. Over the period under review, consumption saw a perceptible shrinkage. Prepared dish and meal consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Prepared Dishes And Meals in the UK

In value terms, prepared dish and meal production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 55% against the previous year. Prepared dish and meal production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Prepared Dishes And Meals

Exports from the UK

In 2021, shipments abroad of prepared dishes and meals decreased by -1.4% to X tons, falling for the second consecutive year after three years of growth. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 13% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, prepared dish and meal exports contracted to $X in 2021. Overall, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.8% 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 decreased by -2.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 24%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of prepared dish and meal exports from the UK, with a combined 33% share of total exports. The United States, Germany, Saudi Arabia, South Korea, Australia, Spain, the United Arab Emirates, Sweden, Thailand and Turkey lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +26.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Ireland ($X) and Germany ($X) appeared to be the largest markets for prepared dish and meal exported from the UK worldwide, with a combined 33% share of total exports. The United States, France, Australia, Sweden, the United Arab Emirates, Saudi Arabia, Spain, South Korea, Turkey and Thailand lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Australia, with a CAGR of +22.6%, 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 2021, the average prepared dish and meal export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Thailand ($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 Spain (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into the UK

In 2021, approx. X tons of prepared dishes and meals were imported into the UK; waning by -23.7% on 2020 figures. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared dish and meal imports fell sharply to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Denmark (X tons) and Thailand (X tons) were the main suppliers of prepared dish and meal imports to the UK, with a combined 45% share of total imports. These countries were followed by France, Belgium, the Netherlands, Ireland, China, the United States, Poland, Indonesia and Greece, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +32.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and the Netherlands ($X) constituted the largest prepared dish and meal suppliers to the UK, with a combined 38% share of total imports. The United States, France, Belgium, Ireland, China, Thailand, Poland, Greece and Indonesia lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, Greece, with a CAGR of +37.5%, recorded the highest rates of growth with regard to 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

In 2021, the average prepared dish and meal import price amounted to $X per ton, increasing by 3% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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