United Kingdom: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in the UK

The UK glycosides and vegetable alkaloids market dropped to $X in 2023, which is down by X% against the previous year. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Glycosides And Vegetable Alkaloids in the UK

In value terms, glycosides and vegetable alkaloids production contracted to $X in 2023 estimated in export price. In general, production showed buoyant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports from the UK

After two years of growth, shipments abroad of glycosides and vegetable alkaloids decreased by X% to X tons in 2023. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids exports expanded notably to $X in 2023. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), France (X tons) and Bulgaria (X tons) were the main destinations of glycosides and vegetable alkaloids exports from the UK, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for glycosides and vegetable alkaloids exports from the UK, comprising X% of total exports. The second position in the ranking was held by Switzerland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Germany (X% per year).

Export Prices by Country

The average glycosides and vegetable alkaloids export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into the UK

After three years of growth, overseas purchases of glycosides and vegetable alkaloids decreased by X% to X tons in 2023. Overall, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then declined sharply in the following year.

In value terms, glycosides and vegetable alkaloids imports declined modestly to $X in 2023. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest glycosides and vegetable alkaloids supplier to the UK, accounting for a X% share of total imports. Moreover, glycosides and vegetable alkaloids imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Sweden (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Sweden (X% per year).

In value terms, China ($X), Australia ($X) and Germany ($X) appeared to be the largest glycosides and vegetable alkaloids suppliers to the UK, together accounting for X% of total imports. Spain, Italy, India, Switzerland, Sweden, Malaysia, the Netherlands, Poland, Belgium and Ireland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average glycosides and vegetable alkaloids import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform