Price for Protein; Concentrates and Textured Protein Substances in the UK - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in the UK (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in the UK (FOB) - 2024
- Imports of Protein; Concentrates and Textured Protein Substances in the UK
- Exports of Protein; Concentrates and Textured Protein Substances in the UK
Price for Protein; Concentrates and Textured Protein Substances in the UK (CIF) - 2024
In April 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $4,929 per ton, dropping by -4.3% against the previous month. In general, the import price continues to indicate a mild slump. The pace of growth was the most pronounced in December 2023 when the average import price increased by 68% against the previous month. As a result, import price attained the peak level of $6,249 per ton. From January 2024 to April 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($11,859 per ton), while the price for Serbia ($1,940 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Slovakia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in the UK (FOB) - 2024
The average export price for protein; concentrates and textured protein substanceses stood at $10,791 per ton in April 2024, remaining relatively unchanged against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2024 when the average export price increased by 16% m-o-m. As a result, the export price reached the peak level of $11,168 per ton. From March 2024 to April 2024, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($20,124 per ton), while the average price for exports to Tanzania ($1,983 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in the UK
In 2022, purchases abroad of protein; concentrates and textured protein substanceses decreased by -8.9% to 34K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by 35% against the previous year. As a result, imports attained the peak of 56K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of protein; concentrates and textured protein substanceses declined modestly to $147M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 32%. As a result, imports reached the peak of $191M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Protein; Concentrates and Textured Protein Substances in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.0 | 32.8 | 23.8 | 24.4 | 0.6% |
| China | 7.7 | 17.6 | 26.1 | 21.3 | 40.4% |
| Netherlands | 37.2 | 54.8 | 35.1 | 18.4 | -20.9% |
| Germany | 4.7 | 4.5 | 6.3 | 10.7 | 31.6% |
| France | 6.0 | 9.3 | 8.2 | 10.3 | 19.7% |
| Ireland | 18.0 | 10.3 | 6.1 | 9.5 | -19.2% |
| Poland | 1.4 | 3.1 | 0.5 | 7.7 | 76.5% |
| Belgium | 19.6 | 16.0 | 13.6 | 6.4 | -31.1% |
| Switzerland | 1.7 | 5.8 | 8.7 | 5.9 | 51.4% |
| Brazil | N/A | N/A | N/A | 3.6 | 0% |
| Spain | 7.1 | 10.8 | 4.4 | 3.6 | -20.3% |
| Serbia | 2.0 | 2.1 | 2.3 | 3.3 | 18.2% |
| India | 0.3 | 0.5 | 1.2 | 1.3 | 63.0% |
| Others | 14.4 | 23.1 | 16.7 | 20.4 | 12.3% |
| Total | 144 | 191 | 153 | 147 | 0.7% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to the UK in 2022:
- United States (6.0K tons)
- Netherlands (5.5K tons)
- China (5.0K tons)
- Belgium (3.3K tons)
- Germany (2.0K tons)
- Brazil (1.8K tons)
- Serbia (1.8K tons)
- France (1.5K tons)
- Ireland (1.4K tons)
- Poland (0.8K tons)
- Switzerland (0.7K tons)
- India (0.6K tons)
- Spain (0.6K tons)
Exports of Protein; Concentrates and Textured Protein Substances in the UK
In 2022, shipments abroad of protein; concentrates and textured protein substanceses decreased by -6.5% to 18K tons, falling for the second year in a row after two years of growth. Overall, exports faced a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 23%. As a result, the exports attained the peak of 30K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of protein; concentrates and textured protein substanceses expanded significantly to $144M in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of $234M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Protein; Concentrates and Textured Protein Substances in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 20.1 | 27.2 | 15.6 | 21.6 | 2.4% |
| Ireland | 18.3 | 20.2 | 25.8 | 15.9 | -4.6% |
| Australia | 8.1 | 11.3 | 10.0 | 10.5 | 9.0% |
| Belgium | 1.9 | 1.3 | 1.1 | 10.1 | 74.5% |
| Singapore | 8.4 | 20.2 | 3.7 | 9.2 | 3.1% |
| China | 5.6 | 10.1 | 5.8 | 8.9 | 16.7% |
| France | 12.8 | 9.3 | 5.2 | 7.2 | -17.5% |
| United Arab Emirates | 2.7 | 2.0 | 5.3 | 7.0 | 37.4% |
| Germany | 20.9 | 20.8 | 4.7 | 7.0 | -30.6% |
| Saudi Arabia | 0.7 | 0.8 | 1.8 | 5.1 | 93.9% |
| Poland | 13.3 | 18.9 | 6.8 | 5.1 | -27.3% |
| United States | 2.5 | 3.9 | 5.7 | 4.7 | 23.4% |
| Tanzania | 1.5 | 0.9 | 1.6 | 1.6 | 2.2% |
| Others | 79.2 | 86.6 | 33.5 | 30.5 | -27.2% |
| Total | 196 | 234 | 127 | 144 | -9.8% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from the UK in 2022:
- Australia (3.8K tons)
- Netherlands (1.9K tons)
- Singapore (1.2K tons)
- Ireland (1.2K tons)
- France (1.1K tons)
- United Arab Emirates (0.9K tons)
- Germany (0.9K tons)
- Belgium (0.8K tons)
- China (0.8K tons)
- Saudi Arabia (0.6K tons)
- Poland (0.5K tons)
- Tanzania (0.4K tons)
- United States (0.4K tons)
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