United Kingdom: Poppy Seed Market 2024

Poppy Seed Market Size in the UK

The UK poppy seed market fell slightly to $X in 2022, with a decrease of -4.3% against the previous year. In general, consumption recorded a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Poppy Seed Production in the UK

In value terms, poppy seed production dropped remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw significant growth. The growth pace was the most rapid in 2019 when the production volume increased by 524,866,100%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The average yield of poppy seed in the UK amounted to less than X kg per ha in 2022, remaining relatively unchanged against the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of poppy seed production in the UK totaled less than X ha, stabilizing at the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

Poppy Seed Exports

Exports from the UK

In 2022, approx. X tons of poppy seed were exported from the UK; with a decrease of -42.6% on the previous year. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 167% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, poppy seed exports declined markedly to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 149%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for poppy seed exports from the UK, accounting for a 63% share of total exports. Moreover, poppy seed exports to the Netherlands exceeded the volume sent to the second major destination, Hungary (X tons), twofold. Ireland (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +34.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+126.8% per year) and Ireland (+12.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for poppy seed exports from the UK, comprising 64% of total exports. The second position in the ranking was held by Hungary ($X), with a 17% share of total exports. It was followed by Ireland, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+97.9% per year) and Ireland (+14.5% per year).

Export Prices by Country

In 2022, the average poppy seed export price amounted to $X per ton, with an increase of 18% against the previous year. Overall, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 19%. The export price peaked at $X per ton in 2012; however, from 2013 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 States ($X per ton), while the average price for exports to Hungary ($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 (+44.5%), while the prices for the other major destinations experienced more modest paces of growth.

Poppy Seed Imports

Imports into the UK

Poppy seed imports into the UK fell to X tons in 2022, declining by -5.2% compared with the year before. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 183%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, poppy seed imports plummeted to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 263%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of poppy seed imports to the UK, with a combined 81% share of total imports. The Czech Republic, Turkey, Germany, Belgium, Australia and India lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +74.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest poppy seed suppliers to the UK were Spain ($X), the Netherlands ($X) and China ($X), with a combined 73% share of total imports. Turkey, the Czech Republic, Germany, India, Belgium and Australia lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, Germany, with a CAGR of +61.3%, saw 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 2022, the average poppy seed import price amounted to $X per ton, declining by -10.7% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poppy seed import price decreased by -28.4% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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