United Kingdom - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChewing Gum Price in the UK - 2023
Contents:
- Chewing Gum Price in the UK (FOB) - 2022
- Chewing Gum Price in the UK (CIF) - 2023
- Chewing Gum Exports in the UK
- Chewing Gum Imports in the UK
Chewing Gum Price in the UK (FOB) - 2022
In 2022, the average chewing gum export price amounted to $6,728 per ton, with a decrease of -3.9% against the previous year. Over the period under review, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The export price peaked at $8,397 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 Romania ($9,796 per ton), while the average price for exports to Australia ($5,020 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 Romania (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Chewing Gum Price in the UK (CIF) - 2023
The average chewing gum import price stood at $4,379 per ton in June 2023, with a decrease of -13.9% against the previous month. In general, the import price saw a slight decrease. The pace of growth was the most pronounced in November 2022 when the average import price increased by 135% m-o-m. As a result, import price reached the peak level of $8,017 per ton. From December 2022 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Poland ($35,516 per ton), while the price for Brazil ($1,783 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Chewing Gum Exports in the UK
In 2022, shipments abroad of chewing gum decreased by -9.1% to 3.7K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2020 when exports increased by 13% against the previous year. As a result, the exports reached the peak of 4.1K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, chewing gum exports shrank to $25M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 17%.
| Export of Chewing Gum in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.6 | 6.2 | 6.9 | 5.6 | 0.0% |
| Ireland | 5.3 | 3.0 | 2.8 | 2.9 | -18.2% |
| Australia | 2.1 | 2.4 | 2.4 | 2.0 | -1.6% |
| Romania | 1.2 | 1.0 | 1.9 | 1.5 | 7.7% |
| Poland | 0.2 | 0.5 | 1.6 | 1.3 | 86.6% |
| South Africa | N/A | 0.3 | 1.3 | 1.0 | 82.6% |
| Sweden | 1.2 | 1.3 | 1.1 | 1.0 | -5.9% |
| Saudi Arabia | 0.1 | 2.9 | 0.1 | 0.8 | 100.0% |
| Austria | 0.9 | 0.9 | 1.0 | 0.8 | -3.9% |
| Israel | 0.6 | 0.7 | 0.9 | 0.7 | 5.3% |
| Spain | 0.8 | 0.8 | 0.9 | 0.7 | -4.4% |
| Czech Republic | 0.5 | 0.7 | 0.7 | 0.6 | 6.3% |
| Slovenia | 0.4 | 1.1 | 0.8 | 0.6 | 14.5% |
| Others | 5.3 | 6.5 | 6.2 | 5.4 | 0.6% |
| Total | 24.2 | 28.3 | 28.6 | 24.9 | 1.0% |
Top Export Markets for Chewing Gum from the UK in 2022:
- Germany (844.0 tons)
- Ireland (522.8 tons)
- Australia (393.8 tons)
- Poland (181.0 tons)
- Sweden (167.6 tons)
- Romania (156.4 tons)
- South Africa (150.7 tons)
- Saudi Arabia (122.6 tons)
- Austria (119.8 tons)
- Spain (99.4 tons)
- Slovenia (93.5 tons)
- Czech Republic (92.1 tons)
- Israel (88.8 tons)
Chewing Gum Imports in the UK
Chewing gum imports into the UK contracted remarkably to 1.9K tons in 2022, falling by -22% compared with the previous year. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
In value terms, chewing gum imports shrank remarkably to $9.4M in 2022. Overall, imports recorded a sharp shrinkage. The smallest decline of -9.3% was in 2021.
| Import of Chewing Gum in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 6.8 | 2.3 | 1.7 | 2.1 | -32.4% |
| Turkey | 1.5 | 1.3 | 1.9 | 1.2 | -7.2% |
| Netherlands | 2.4 | 1.7 | 1.7 | 1.1 | -22.9% |
| China | 2.1 | 1.1 | 1.7 | 1.0 | -21.9% |
| France | 0.8 | 1.7 | 1.3 | 0.8 | 0.0% |
| Spain | 1.1 | 1.0 | 1.0 | 0.6 | -18.3% |
| United States | 1.0 | 0.8 | 0.6 | 0.5 | -20.6% |
| Poland | 0.8 | 0.6 | 0.6 | 0.4 | -20.6% |
| Others | 2.4 | 3.1 | 1.5 | 1.6 | -12.6% |
| Total | 19.1 | 13.4 | 12.2 | 9.4 | -21.0% |
Top Suppliers of Chewing Gum to the UK in 2022:
- China (436.4 tons)
- Turkey (350.9 tons)
- Ireland (330.6 tons)
- Spain (201.5 tons)
- Netherlands (157.3 tons)
- France (95.8 tons)
- Poland (64.4 tons)
- United States (61.5 tons)
This report provides an in-depth analysis of the chewing gum 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:
- Prodcom 10822310 - Chewing gum
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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