United Kingdom: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in the UK

The UK temporarily preserved vegetable market fell remarkably to $X in 2022, declining by -18.6% 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). Overall, consumption showed a slight downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Temporarily Preserved Vegetable Exports

Exports from the UK

In 2022, overseas shipments of vegetables (temporarily preserved) increased by 86% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, temporarily preserved vegetable exports skyrocketed to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X tons) was the main destination for temporarily preserved vegetable exports from the UK, accounting for a 60% share of total exports. Moreover, temporarily preserved vegetable exports to Ireland exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), ninefold. The Netherlands (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-6.0% per year) and the Netherlands (+30.4% per year).

In value terms, Ireland ($X) emerged as the key foreign market for vegetables (temporarily preserved) exports from the UK, comprising 42% of total exports. The second position in the ranking was held by Barbados ($X), with a 13% share of total exports. It was followed by the Netherlands, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland amounted to +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Barbados (+271.8% per year) and the Netherlands (+36.0% per year).

Export Prices by Country

The average temporarily preserved vegetable export price stood at $X per ton in 2022, which is down by -13.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 50%. The export price peaked at $X per ton in 2021, and then fell 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 Barbados ($X per ton), while the average price for exports to Spain ($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 Barbados (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

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Temporarily Preserved Vegetable Imports

Imports into the UK

In 2022, supplies from abroad of vegetables (temporarily preserved) decreased by -22.6% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, temporarily preserved vegetable imports reduced to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 44%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of temporarily preserved vegetable to the UK, with a 55% share of total imports. Moreover, temporarily preserved vegetable imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.9% per year) and Spain (-8.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of vegetables (temporarily preserved) to the UK, comprising 45% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.2% per year) and Spain (-3.3% per year).

Import Prices by Country

The average temporarily preserved vegetable import price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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