United Kingdom: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in the UK

In 2022, after eight years of growth, there was decline in the UK primary fiber crops market, when its value decreased by X% to $X. Over the period under review, consumption, however, posted a buoyant increase. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Primary Fiber Crops Production in the UK

In value terms, primary fiber crops production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Primary Fiber Crops Exports

Exports from the UK

In 2022, approx. X tons of fiber crops (primary) were exported from the UK; which is down by X% compared with the year before. Overall, exports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then reduced notably in the following year.

In value terms, primary fiber crops exports fell remarkably to $X in 2022. In general, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ireland (X tons), the United States (X tons) and Denmark (X tons) were the main destinations of primary fiber crops exports from the UK, with a combined X% share of total exports. France, Iceland, the Netherlands, Guinea, Poland, Germany, the Czech Republic, Portugal and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Ireland ($X) and Portugal ($X) were the largest markets for primary fiber crops exported from the UK worldwide, with a combined X% share of total exports. France, the Czech Republic, Denmark, Germany, Poland, the Netherlands, Guinea, Switzerland and Iceland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average primary fiber crops export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Iceland ($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 Uruguay (X.1%), while the prices for the other major destinations experienced more modest paces of growth.

Primary Fiber Crops Imports

Imports into the UK

In 2022, overseas purchases of fiber crops (primary) decreased by X% to X tons for the first time since 2013, thus ending a eight-year rising trend. In general, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then reduced notably in the following year.

In value terms, primary fiber crops imports shrank slightly to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of primary fiber crops to the UK, with a X% share of total imports. Moreover, primary fiber crops imports from India exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), fourfold. Sri Lanka (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Sri Lanka (X% per year).

In value terms, the largest primary fiber crops suppliers to the UK were the Philippines ($X), India ($X) and Ecuador ($X), together comprising X% of total imports. Sri Lanka, Bangladesh, the Netherlands and France lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average primary fiber crops import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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