United Kingdom: Papaya Market 2024

Papaya Market Size in the UK

The UK papaya market declined sharply to $X in 2022, with a decrease of -22.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Papaya Exports

Exports from the UK

In 2022, overseas shipments of papayas increased by 69% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 3,674%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, papaya exports surged to $X in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 4,325% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for papaya exports from the UK, accounting for a 62% share of total exports. Moreover, papaya exports to Brazil exceeded the volume sent to the second major destination, Spain (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+289.8% per year) and Ireland (+2.6% per year).

In value terms, Brazil ($X) emerged as the key foreign market for papayas exports from the UK, comprising 66% of total exports. The second position in the ranking was taken by Spain ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+215.4% per year) and Ireland (+2.2% per year).

Export Prices by Country

In 2022, the average papaya export price amounted to $X per ton, rising by 7.7% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, papaya export price increased by +100.4% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 59%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Ireland ($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 Ireland (-0.3%), while the prices for the other major destinations experienced a decline.

Papaya Imports

Imports into the UK

In 2022, the amount of papayas imported into the UK reduced to X tons, waning by -5.3% compared with the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, papaya imports contracted dramatically to $X in 2022. Over the period under review, imports saw a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 25%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of papaya to the UK, with a 85% share of total imports. Moreover, papaya imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), eightfold. Thailand (X tons) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+54.6% per year) and Thailand (+11.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of papayas to the UK, comprising 86% of total imports. The second position in the ranking was held by Spain ($X), with a 7.2% share of total imports. It was followed by Thailand, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+50.8% per year) and Thailand (+11.4% per year).

Import Prices by Country

In 2022, the average papaya import price amounted to $X per ton, with a decrease of -12.8% against the previous year. In general, the import price showed a slight downturn. The growth pace was the most rapid in 2020 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Spain ($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 Netherlands (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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