United Kingdom - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSweet Potato Price in the UK - 2023
Contents:
- Sweet Potato Price in the UK (CIF) - 2023
- Sweet Potato Price in the UK (FOB) - 2023
- Sweet Potato Imports in the UK
- Sweet Potato Exports in the UK
Sweet Potato Price in the UK (CIF) - 2023
The average sweet potato import price stood at $731 per ton in June 2023, remaining relatively unchanged against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 5.8% month-to-month. Over the period under review, average import prices reached the peak figure at $800 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($1,194 per ton), while the price for China ($632 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 South Africa (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sweet Potato Price in the UK (FOB) - 2023
The average sweet potato export price stood at $1,239 per ton in June 2023, shrinking by -21.9% against the previous month. Overall, the export price saw a perceptible descent. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 74% month-to-month. Over the period under review, the average export prices reached the maximum at $1,903 per ton in December 2022; however, from January 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($3,144 per ton), while the average price for exports to France ($1,066 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sweet Potato Imports in the UK
In 2022, purchases abroad of sweet potatoes decreased by -21.1% to 126K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a pronounced reduction. The pace of growth was the most pronounced in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of 159K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sweet potato imports fell notably to $94M in 2022. In general, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 12%.
| Import of Sweet Potato in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 56.9 | 58.9 | 53.4 | 39.3 | -11.6% |
| Egypt | 21.3 | 19.3 | 18.6 | 20.3 | -1.6% |
| China | 11.6 | 11.5 | 15.9 | 15.7 | 10.6% |
| South Africa | 1.9 | 2.3 | 5.6 | 4.6 | 34.3% |
| Honduras | 3.3 | 3.3 | 2.9 | 3.4 | 1.0% |
| Spain | 4.8 | 5.5 | 4.8 | 3.2 | -12.6% |
| Netherlands | 1.8 | 10.7 | 13.9 | 0.6 | -30.7% |
| Others | 6.1 | 8.8 | 9.7 | 7.1 | 5.2% |
| Total | 108 | 120 | 125 | 94.3 | -4.4% |
Top Suppliers of Sweet Potato to the UK in 2022:
- United States (56.1K tons)
- Egypt (30.1K tons)
- China (19.6K tons)
- South Africa (5.6K tons)
- Honduras (4.3K tons)
- Spain (3.2K tons)
- Netherlands (0.8K tons)
Sweet Potato Exports in the UK
For the third year in a row, the UK recorded decline in overseas shipments of sweet potatoes, which decreased by -37.9% to 4.5K tons in 2022. Overall, exports showed a sharp descent. The smallest decline of -2.5% was in 2020.
In value terms, sweet potato exports fell dramatically to $6.6M in 2022. Over the period under review, exports saw a sharp shrinkage. The smallest decline of -16.4% was in 2020.
| Export of Sweet Potato in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.2 | 4.1 | 7.1 | 4.6 | -9.5% |
| Ireland | 2.9 | 2.8 | 1.5 | 1.3 | -23.5% |
| France | 0.2 | 0.7 | 0.1 | 0.4 | 26.0% |
| Germany | 3.0 | 2.3 | 0.5 | 0.2 | -59.5% |
| Belgium | 0.1 | 0.3 | 0.3 | 0.1 | 0.0% |
| Spain | 0.8 | 0.9 | 0.5 | N/A | -20.9% |
| Poland | 0.8 | 0.3 | N/A | N/A | -62.5% |
| Others | 1.1 | 1.0 | 0.1 | 0.1 | -55.0% |
| Total | 14.9 | 12.5 | 10.2 | 6.6 | -23.8% |
Top Export Markets for Sweet Potato from the UK in 2022:
- Netherlands (2171.3 tons)
- Ireland (1275.8 tons)
- France (585.6 tons)
- Germany (222.4 tons)
- Belgium (190.9 tons)
- Spain (0.1 tons)
This report provides an in-depth analysis of the sweet potato 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 122 - Sweet potatoes
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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