Updated Mar 8, 2023 22:48

Uncooked Pasta Market in the United Kingdom

Market Overview
The UK uncooked pasta market skyrocketed to $ in , increasing by % 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). In general, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In value terms, uncooked pasta production totaled $ in estimated in export price. Over the period under review, production enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in ; however, from to , production failed to regain momentum.


Consumption
In , uncooked pasta consumption in the UK soared to tons, picking up by % compared with figures. In general, consumption showed a resilient expansion. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.

The size of the uncooked pasta market in the UK skyrocketed to $ in , rising by % 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 continues to indicate a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.


Market Forecast
The uncooked pasta market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Uncooked pasta market in the UK consists almost entirely of imported products.


Trade Balance
The UK remains a net importer of uncooked pasta; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.