United Kingdom - Prepared Baking Powders - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Baking Powder Price in the UK - 2023
Contents:
- Prepared Baking Powder Price in the UK (CIF) - 2023
- Prepared Baking Powder Price in the UK (FOB) - 2023
- Prepared Baking Powder Imports in the UK
- Prepared Baking Powder Exports in the UK
Prepared Baking Powder Price in the UK (CIF) - 2023
In August 2023, the average prepared baking powder import price amounted to $2,933 per ton, dropping by -13.9% against the previous month. In general, import price indicated a remarkable increase from August 2022 to August 2023: its price increased at an average monthly rate of +6.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, prepared baking powder import price increased by +3.8% against June 2023 indices. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 54% month-to-month. The import price peaked at $3,407 per ton in July 2023, and then shrank in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($6,412 per ton), while the price for Turkey ($1,309 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Hungary (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Prepared Baking Powder Price in the UK (FOB) - 2023
The average prepared baking powder export price stood at $3,030 per ton in August 2023, which is down by -25.9% against the previous month. In general, the export price saw a mild reduction. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 36% month-to-month. Over the period under review, the average export prices hit record highs at $4,817 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Belgium ($5,228 per ton), while the average price for exports to Ireland ($2,510 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Prepared Baking Powder Imports in the UK
In 2022, purchases abroad of prepared baking powders decreased by -13.8% to 1.2K tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 29%. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, prepared baking powder imports declined dramatically to $3.1M in 2022. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 29%. As a result, imports reached the peak of $5.4M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Prepared Baking Powder in the UK (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hungary | 1,239 | 2,055 | 1,409 | 1,260 | 0.6% |
Turkey | 1.2 | 27.4 | 238 | 305 | 533.4% |
Germany | 170 | 48.1 | 10.4 | 263 | 15.7% |
Netherlands | 294 | 229 | 190 | 189 | -13.7% |
Belgium | 18.9 | 11.6 | 34.3 | 168 | 107.1% |
United States | 93.8 | 171 | 224 | 143 | 15.1% |
Poland | 135 | 153 | 201 | 115 | -5.2% |
Spain | 313 | 68.0 | 6.2 | 113 | -28.8% |
Romania | 175 | 68.7 | 27.1 | 108 | -14.9% |
United Arab Emirates | 158 | 331 | 163 | 89.5 | -17.3% |
Ireland | 275 | 291 | 144 | 79.2 | -34.0% |
France | 1,063 | 1,268 | 978 | 42.6 | -65.8% |
Others | 262 | 715 | 295 | 209 | -7.3% |
Total | 4,200 | 5,438 | 3,919 | 3,084 | -9.8% |
Top Suppliers of Prepared Baking Powder to the UK in 2022:
- Hungary (636.5 tons)
- Turkey (125.6 tons)
- Romania (73.7 tons)
- United States (64.5 tons)
- Netherlands (51.6 tons)
- Belgium (48.7 tons)
- Poland (44.8 tons)
- Ireland (40.7 tons)
- Germany (37.4 tons)
- United Arab Emirates (28.6 tons)
- Spain (16.7 tons)
- France (8.1 tons)
Prepared Baking Powder Exports in the UK
In 2022, shipments abroad of prepared baking powders decreased by -27.9% to 350 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +11.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 43% against the previous year. As a result, the exports reached the peak of 486 tons, and then reduced remarkably in the following year.
In value terms, prepared baking powder exports contracted remarkably to $1.1M in 2022. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 3%. As a result, the exports attained the peak of $1.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Prepared Baking Powder in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 736 | 857 | 485 | 423 | -16.9% |
Poland | 71.3 | 16.2 | 151 | 110 | 15.5% |
United Arab Emirates | 104 | 112 | 107 | 91.0 | -4.4% |
Belgium | 1.5 | 3.9 | 55.3 | 81.7 | 279.1% |
Denmark | 21.8 | 36.8 | 41.5 | 57.5 | 38.2% |
South Korea | 25.5 | 23.7 | 22.1 | 49.1 | 24.4% |
Kuwait | 58.5 | 38.5 | 53.0 | 39.3 | -12.4% |
Others | 315 | 286 | 357 | 219 | -11.4% |
Total | 1,333 | 1,374 | 1,273 | 1,070 | -7.1% |
Top Export Markets for Prepared Baking Powder from the UK in 2022:
- Ireland (137.4 tons)
- Poland (35.1 tons)
- South Korea (33.0 tons)
- Belgium (29.9 tons)
- United Arab Emirates (24.4 tons)
- Denmark (24.4 tons)
- Kuwait (14.0 tons)
This report provides an in-depth analysis of the prepared baking powder 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:
- Prodcom 10891370 - Prepared baking powders
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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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