Wrapping Papers Market Overview in the United Kingdom
In value terms, wrapping papers production fell slightly to $ in 2019 estimated in export prices. In general, the total production indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Wrapping papers production peaked at $ in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.
The revenue of the wrapping papers market in the UK shrank to $ in 2019, reducing 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 saw a perceptible decrease. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.