United Kingdom: Canned Vegetable Market 2024

Canned Vegetable Market Size in the UK

The UK canned vegetable market skyrocketed to $X in 2022, jumping by 28% 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). The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Canned Vegetable Exports

Exports from the UK

In 2022, overseas shipments of canned vegetables decreased by -1.9% to X tons, falling for the third year in a row after four years of growth. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 51% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, canned vegetable exports reduced to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 11%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X tons), the Netherlands (X tons) and Nigeria (X tons) were the main destinations of canned vegetable exports from the UK, with a combined 49% share of total exports. The United States, the United Arab Emirates, France, Poland, Hong Kong SAR, Yemen, Germany, Russia and Spain lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +28.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned vegetable exported from the UK were Ireland ($X), Nigeria ($X) and the Netherlands ($X), with a combined 43% share of total exports. The United Arab Emirates, the United States, France, Hong Kong SAR, Poland, Germany, Spain, Yemen and Russia lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Poland, with a CAGR of +25.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, waning by -4.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Yemen ($X 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 Nigeria (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

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Canned Vegetable Imports

Imports into the UK

In 2022, imports of canned vegetables into the UK surged to X tons, picking up by 17% on 2021. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, canned vegetable imports soared to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest canned vegetable supplier to the UK, accounting for a 55% share of total imports. Moreover, canned vegetable imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. Greece (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.6% per year) and Greece (+16.2% per year).

In value terms, Italy ($X) constituted the largest supplier of canned vegetables to the UK, comprising 43% of total imports. The second position in the ranking was taken by Spain ($X), with an 11% share of total imports. It was followed by Greece, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.3% per year) and Greece (+9.7% per year).

Import Prices by Country

In 2022, the average canned vegetable import price amounted to $X per ton, picking up by 7.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 12% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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