United Kingdom - Spinach - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpinach Price in the UK - 2023
Contents:
- Spinach Price in the UK (CIF) - 2023
- Spinach Price in the UK (FOB) - 2023
- Spinach Imports in the UK
- Spinach Exports in the UK
Spinach Price in the UK (CIF) - 2023
In June 2023, the average spinach import price amounted to $2,295 per ton, shrinking by -11.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in October 2022 an increase of 16% month-to-month. The import price peaked at $2,582 per ton in May 2023, and then contracted in the following month.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Denmark ($2,807 per ton) and Portugal ($2,504 per ton), while the price for Germany ($1,986 per ton) and the Netherlands ($2,170 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Spinach Price in the UK (FOB) - 2023
The average spinach export price stood at $1,769 per ton in June 2023, with a decrease of -21.2% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 62% m-o-m. Over the period under review, the average export prices attained the maximum at $6,360 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ireland.
From June 2022 to June 2023, the rate of growth in terms of prices for Ireland amounted to -1.4% per month.
Spinach Imports in the UK
In 2022, approx. 26K tons of spinach were imported into the UK; increasing by 26% against the previous year. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spinach imports skyrocketed to $60M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spinach in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 22.7 | 21.2 | 21.3 | 35.6 | 16.2% |
| Italy | 11.0 | 21.7 | 24.7 | 20.7 | 23.5% |
| Portugal | 1.2 | 1.2 | 2.8 | 1.9 | 16.6% |
| France | 1.2 | 0.9 | 0.2 | 0.8 | -12.6% |
| Others | 0.9 | 0.9 | 1.0 | 1.0 | 3.6% |
| Total | 37.0 | 45.9 | 50.1 | 60.0 | 17.5% |
Top Suppliers of Spinach to the UK in 2022:
- Spain (16.1K tons)
- Italy (8.9K tons)
- Portugal (0.6K tons)
- France (0.4K tons)
Spinach Exports in the UK
After two years of decline, shipments abroad of spinach increased by 45% to 1.1K tons in 2022. In general, exports, however, recorded a relatively flat trend pattern.
In value terms, spinach exports skyrocketed to $2.2M in 2022. Overall, exports, however, continue to indicate a abrupt slump.
| Export of Spinach in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 2,411 | 1,183 | 1,289 | 1,257 | -19.5% |
| United States | 31.2 | N/A | 78.7 | 361 | 126.2% |
| France | 96.0 | 73.1 | 13.4 | 96.9 | 0.3% |
| Italy | 81.5 | 71.3 | N/A | 3.0 | -66.7% |
| Others | 459 | 622 | 340 | 523 | 4.4% |
| Total | 3,079 | 1,950 | 1,721 | 2,241 | -10.0% |
Top Export Markets for Spinach from the UK in 2022:
- Ireland (731.9 tons)
- United States (216.9 tons)
- France (15.3 tons)
- Italy (0.6 tons)
This report provides an in-depth analysis of the spinach 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 373 - Spinach
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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