United Kingdom: Poppy Seed Market Overview 2021

Poppy Seed Market Size in the UK

The UK poppy seed market shrank rapidly to $X in 2020, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt setback. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Poppy Seed Exports

Exports from the UK

After two years of growth, shipments abroad of poppy seed decreased by -X% to X tonnes in 2020. Overall, exports, however, enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2019, and then declined significantly in the following year.

In value terms, poppy seed exports dropped significantly to $X in 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2019, and then contracted sharply in the following year.

Exports by Country

Hungary (X tonnes) was the main destination for poppy seed exports from the UK, accounting for a X% share of total exports. Moreover, poppy seed exports to Hungary exceeded the volume sent to the second major destination, the Netherlands (X tonnes), fivefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Hungary totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Germany (+X% per year).

In value terms, Hungary ($X) remains the key foreign market for poppy seed exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Hungary totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2020, the average poppy seed export price amounted to $X per tonne, falling by -X% against the previous year. In general, the export price showed a mild descent. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was France ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Poppy Seed Imports

Imports into the UK

In 2020, the amount of poppy seed imported into the UK contracted to X tonnes, declining by -X% compared with the previous year. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, poppy seed imports shrank markedly to $X in 2020. In general, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Spain (X tonnes), the Netherlands (X tonnes) and Turkey (X tonnes) were the main suppliers of poppy seed imports to the UK, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Spain, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Turkey ($X) constituted the largest poppy seed suppliers to the UK, with a combined X% share of total imports.

Among the main suppliers, Spain saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average poppy seed import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the import price, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform