United Kingdom: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in the UK

In 2021, the UK market for protein concentrates and flavoured or coloured sugar syrups decreased by -7.5% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, continues to indicate resilient growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in the UK

In value terms, production of protein concentrates and flavoured or coloured sugar syrups reduced modestly to $X in 2021 estimated in export price. Overall, production, however, showed strong growth. The growth pace was the most rapid in 2014 with an increase of 170% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth remained at a somewhat lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from the UK

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups exported from the UK dropped significantly to X tons, declining by -37.6% compared with 2020 figures. In general, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 44% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups declined markedly to $X in 2021. Over the period under review, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 28% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from the UK, with a 34% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to Australia exceeded the volume sent to the second major destination, Ireland (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-5.2% per year) and the Netherlands (+0.3% per year).

In value terms, Ireland ($X), the Netherlands ($X) and Australia ($X) constituted the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from the UK worldwide, with a combined 41% share of total exports. Poland, China, the United States, France, Germany, Switzerland, Singapore, the United Arab Emirates, Saudi Arabia and Tanzania lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, China, with a CAGR of +150.1%, 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

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, declining by -13% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 7.8%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Australia ($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 China (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into the UK

After three years of growth, supplies from abroad of protein concentrates and flavoured or coloured sugar syrups decreased by -32.9% to X tons in 2021. Overall, imports, however, showed tangible growth. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. As a result, imports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups shrank markedly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 32%. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

The Netherlands (X tons), China (X tons) and Belgium (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to the UK, with a combined 58% share of total imports. The United States, Serbia, Spain, Germany, France, Ireland, Switzerland and India lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +95.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and the United States ($X) were the largest protein concentrate and flavoured or coloured sugar syrup suppliers to the UK, with a combined 56% share of total imports. These countries were followed by Belgium, Switzerland, France, Germany, Ireland, Spain, Serbia and India, which together accounted for a further 33%.

In terms of the main suppliers, Switzerland, with a CAGR of +105.8%, recorded the highest growth rate of 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 import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, jumping by 19% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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