United Kingdom - Canned Vegetables - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanned Vegetable Price in the UK - 2023
Contents:
- Canned Vegetable Price in the UK (CIF) - 2023
- Canned Vegetable Price in the UK (FOB) - 2023
- Canned Vegetable Imports in the UK
- Canned Vegetable Exports in the UK
Canned Vegetable Price in the UK (CIF) - 2023
The average canned vegetable import price stood at $1,765 per ton in August 2023, leveling off at the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 9.3% month-to-month. The import price peaked at $1,788 per ton in July 2023, and then contracted modestly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Hungary ($2,550 per ton), while the price for Portugal ($1,198 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Portugal (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Canned Vegetable Price in the UK (FOB) - 2023
In August 2023, the average canned vegetable export price amounted to $3,583 per ton, flattening at the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 34% against the previous month. The export price peaked at $3,588 per ton in July 2023, and then shrank modestly in the following month.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the United States ($4,856 per ton), while the average price for exports to Portugal ($1,113 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Canned Vegetable Imports in the UK
Canned vegetable imports into the UK soared to 781K tons in 2022, picking up by 17% against the previous year. Overall, imports continue to indicate a relatively flat trend pattern.
In value terms, canned vegetable imports skyrocketed to $1.1B in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Canned Vegetable in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 351 | 395 | 359 | 454 | 9.0% |
| Spain | 91.4 | 94.6 | 81.4 | 112 | 7.0% |
| Greece | 34.0 | 36.5 | 42.3 | 74.8 | 30.1% |
| France | 42.0 | 57.4 | 25.5 | 73.9 | 20.7% |
| Netherlands | 39.9 | 30.7 | 52.6 | 53.7 | 10.4% |
| Belgium | 51.7 | 60.7 | 61.8 | 38.1 | -9.7% |
| Portugal | 11.0 | 9.8 | 15.3 | 28.6 | 37.5% |
| China | 14.5 | 16.9 | 17.2 | 23.4 | 17.3% |
| Hungary | 16.0 | 19.2 | 13.9 | 18.9 | 5.7% |
| Germany | 57.7 | 53.4 | 9.6 | 10.0 | -44.2% |
| Others | 115 | 119 | 157 | 164 | 12.6% |
| Total | 824 | 893 | 836 | 1,050 | 8.4% |
Top Suppliers of Canned Vegetable to the UK in 2022:
- Italy (429.0K tons)
- Spain (74.3K tons)
- Greece (55.9K tons)
- France (39.3K tons)
- Belgium (32.0K tons)
- Portugal (31.2K tons)
- Netherlands (29.3K tons)
- China (13.0K tons)
- Hungary (10.8K tons)
- Germany (2.5K tons)
Canned Vegetable Exports in the UK
For the third year in a row, the UK recorded decline in shipments abroad of canned vegetables, which decreased by -1.9% to 83K tons in 2022. Over the period under review, exports showed a abrupt curtailment.
In value terms, canned vegetable exports contracted to $240M in 2022. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 2.3% against the previous year. As a result, the exports reached the peak of $328M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Canned Vegetable in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 113 | 123 | 87.1 | 53.1 | -22.3% |
| Nigeria | 33.5 | 34.2 | 48.4 | 29.7 | -3.9% |
| Netherlands | 19.3 | 21.1 | 19.1 | 20.3 | 1.7% |
| United Arab Emirates | 6.2 | 5.6 | 6.9 | 12.3 | 25.7% |
| United States | 9.3 | 12.7 | 11.1 | 12.1 | 9.2% |
| France | 26.8 | 21.8 | 15.8 | 11.1 | -25.5% |
| Hong Kong SAR | 4.5 | 5.1 | 3.4 | 3.7 | -6.3% |
| Poland | 1.7 | 3.9 | 1.9 | 3.4 | 26.0% |
| Germany | 9.3 | 10.7 | 2.4 | 2.2 | -38.2% |
| Spain | 5.9 | 6.1 | 1.7 | 1.4 | -38.1% |
| Yemen | 3.6 | 0.9 | N/A | 0.9 | -37.0% |
| Russia | 5.8 | 4.0 | 3.6 | 0.8 | -48.3% |
| Others | 82.3 | 79.3 | 54.9 | 88.5 | 2.5% |
| Total | 321 | 328 | 256 | 240 | -9.2% |
Top Export Markets for Canned Vegetable from the UK in 2022:
- Ireland (18.5K tons)
- Netherlands (13.6K tons)
- Nigeria (9.0K tons)
- United States (3.7K tons)
- United Arab Emirates (3.4K tons)
- France (3.1K tons)
- Poland (3.0K tons)
- Hong Kong SAR (1.9K tons)
- Yemen (1.2K tons)
- Germany (1.0K tons)
- Russia (0.8K tons)
- Spain (0.6K tons)
This report provides an in-depth analysis of the canned vegetable market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 472 - Vegetables, Preserved nes (O/T vinegar)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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