IndexBox has just published a new report: â€˜United Kingdom â€“ Potato Chips â€“ Market Analysis, Forecast, Size, Trends And Insightsâ€™. Here is a summary of some of the reportâ€™s key findings.
The revenue of the potato chips (french fry) market in the UK amounted to $686M in 2018, dropping by -4.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailersâ€™ margins, which will be included in the final consumer price). In physical terms, however, the volume of consumption stood at 197K tonnes in 2018, flattening against the previous year. Over the last five years, the market was relatively stable, fluctuating mildly from 189K tonnes in 2013 to the mentioned level of 2018.
Potato chips production in the UK amounted to 194K tonnes in 2018, coming down by -3.8% against the previous year. Despite this, the total output volume increased at an average annual rate of +2.5% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period.
In value terms, potato chips exports totaled $216M (IndexBox estimates) in 2018. The total export value increased at an average annual rate of +4.0% over the period from 2013 to 2018; the trend pattern generally reflected that of the volume of exports.
Ireland (17K tonnes), Nigeria (11K tonnes) and the Netherlands (3.4K tonnes) were the main destinations of potato chips exports from the UK, with a combined 55% share of total exports. These countries were followed by France, the United Arab Emirates, Pakistan, Belgium, Germany, the U.S., and Sierra Leone, which together accounted for a further 24%.
In 2018, the average potato chips export price amounted to $3,869 per tonne, jumping by 5.6% against the previous year. Over the period under review, the potato chips export price, however, experience a noticeable decline. Over the period under review, the average export prices for potato chips attained their maximum at $5,384 per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.
In 2018, potato chips imports into the UK stood at 59K tonnes, growing by 14% against the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review.
Source: IndexBox AI Platform