United Kingdom: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in the UK

The UK prepared baking powder market declined to $X in 2022, remaining constant against the previous year. Overall, consumption continues to indicate a perceptible downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Prepared Baking Powder Production in the UK

In value terms, prepared baking powder production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 20%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Prepared Baking Powder Exports

Exports from the UK

After two years of growth, overseas shipments of prepared baking powders decreased by -27.9% to X tons in 2022. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, prepared baking powder exports reduced sharply to $X in 2022. Over the period under review, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for prepared baking powder exports from the UK, with a 39% share of total exports. Moreover, prepared baking powder exports to Ireland exceeded the volume sent to the second major destination, Poland (X tons), fourfold. South Korea (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+69.7% per year) and South Korea (+16.9% per year).

In value terms, Ireland ($X) remains the key foreign market for prepared baking powders exports from the UK, comprising 40% of total exports. The second position in the ranking was held by Poland ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland stood at -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+60.0% per year) and the United Arab Emirates (-9.6% per year).

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2022, growing by 17% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared baking powder export price decreased by -28.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 41% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to South Korea ($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 France (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into the UK

In 2022, the amount of prepared baking powders imported into the UK shrank to X tons, waning by -13.8% compared with 2021 figures. Over the period under review, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2015 with an increase of 45%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared baking powder imports contracted significantly to $X in 2022. Overall, imports saw a pronounced reduction. The pace of growth appeared the most rapid in 2015 with an increase of 47%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of prepared baking powder to the UK, accounting for a 52% share of total imports. Moreover, prepared baking powder imports from Hungary exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. Romania (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+51.8% per year) and Romania (+25.7% per year).

In value terms, Hungary ($X) constituted the largest supplier of prepared baking powders to the UK, comprising 41% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.9% share of total imports. It was followed by Germany, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Hungary stood at -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+56.8% per year) and Germany (+1.2% per year).

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, waning by -8.8% against the previous year. In general, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in 2018 an increase of 10% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Germany ($X per ton), while the price for Romania ($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 Arab Emirates (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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