Updated Jan 7, 2023 15:56

Pasta And Couscous Market in the United Kingdom

Market Overview
In , the UK pasta and couscous market decreased by -% to $ for the first time since 2018, thus ending a three-year rising trend. Overall, consumption saw a drastic downturn. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

In value terms, pasta and couscous production reduced to $ in estimated in export price. Over the period under review, production, however, showed a abrupt descent. The pace of growth was the most pronounced in 2011 when the production volume increased by % against the previous year. Pasta and couscous production peaked at $ in 2012; however, from 2013 to , production remained at a lower figure.


Consumption
In , consumption of stuffed pasta and couscous decreased by -% to tons, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt shrinkage. Pasta and couscous consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.

The revenue of the pasta and couscous market in the UK contracted modestly to $ in , with a decrease of -% 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 continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for pasta and couscous in the UK, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last fifteen-year period (from % to %). Total import supply of pasta and couscous is expected to rise, though it will be moderately impacted by price increases. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
The UK remains a net importer of pasta and couscous; 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.