United Kingdom - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPoppy Seed Price in the UK - 2023
Contents:
- Poppy Seed Price in the UK (CIF) - 2023
- Poppy Seed Price in the UK (FOB) - 2023
- Poppy Seed Imports in the UK
- Poppy Seed Exports in the UK
Poppy Seed Price in the UK (CIF) - 2023
The average poppy seed import price stood at $3,040 per ton in June 2023, growing by 58% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($9,870 per ton), while the price for China ($1,816 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 Netherlands (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Poppy Seed Price in the UK (FOB) - 2023
In June 2023, the average poppy seed export price amounted to $1,997 per ton, falling by -20% against the previous month. Overall, the export price continues to indicate a slight curtailment. The pace of growth was the most pronounced in July 2022 when the average export price increased by 49% m-o-m. As a result, the export price attained the peak level of $3,666 per ton. From August 2022 to June 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In June 2023, the country with the highest price was Ireland ($2,590 per ton), while the average price for exports to the Netherlands totaled $1,971 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.
Poppy Seed Imports in the UK
In 2022, the amount of poppy seed imported into the UK fell to 1.4K tons, which is down by -5.2% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt downturn.
In value terms, poppy seed imports plummeted to $3.2M in 2022. Overall, imports recorded a sharp shrinkage. The smallest decline of -14.9% was in 2020.
| Import of Poppy Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,011 | 1,630 | 637 | 895 | -4.0% |
| Netherlands | 3,370 | 2,154 | 1,071 | 781 | -38.6% |
| China | 200 | N/A | 238 | 652 | 48.3% |
| Turkey | 418 | 978 | 1,163 | 272 | -13.3% |
| Czech Republic | 828 | 125 | 109 | 210 | -36.7% |
| Germany | 7.0 | 0.8 | 23.2 | 109 | 149.7% |
| Belgium | 19.7 | 33.6 | 11.5 | 48.1 | 34.7% |
| Australia | N/A | N/A | 163 | 40.4 | -75.2% |
| Poland | 203 | 240 | 161 | 33.6 | -45.1% |
| Others | 211 | 170 | 199 | 158 | -9.2% |
| Total | 6,268 | 5,333 | 3,776 | 3,199 | -20.1% |
Top Suppliers of Poppy Seed to the UK in 2022:
- Spain (462.4 tons)
- Netherlands (363.5 tons)
- China (309.4 tons)
- Czech Republic (71.0 tons)
- Turkey (67.6 tons)
- Germany (36.2 tons)
- Belgium (24.3 tons)
- Australia (22.3 tons)
- Poland (9.8 tons)
Poppy Seed Exports in the UK
Poppy seed exports from the UK dropped rapidly to 914 tons in 2022, waning by -42.6% on the year before. In general, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 22%.
In value terms, poppy seed exports declined notably to $2.1M in 2022. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 22%.
| Export of Poppy Seed in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 552 | 196 | 1,461 | 1,369 | 35.4% |
| Hungary | 3,110 | 1,648 | 1,077 | 371 | -50.8% |
| Ireland | 107 | 155 | 95.1 | 209 | 25.0% |
| France | 43.3 | 55.2 | 122 | 105 | 34.3% |
| Germany | 149 | 209 | 90.1 | 25.0 | -44.8% |
| United States | 448 | 8.5 | N/A | 11.9 | -70.2% |
| Italy | 106 | 145 | 109 | 5.1 | -63.6% |
| Others | 135 | 165 | 200 | 46.1 | -30.1% |
| Total | 4,650 | 2,582 | 3,155 | 2,143 | -22.8% |
Top Export Markets for Poppy Seed from the UK in 2022:
- Netherlands (573.7 tons)
- Hungary (230.0 tons)
- Ireland (81.0 tons)
- France (17.3 tons)
- Germany (5.5 tons)
- Italy (1.3 tons)
- United States (0.1 tons)
This report provides an in-depth analysis of the poppy seed 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 296 - Poppy seed
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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