The Wheat or Meslin Flour market in the UK has experienced considerable fluctuation in value from 2012 to 2022. Starting at 2.2773 billion Euros in 2012, the market saw an initial growth until 2013, followed by a contraction in subsequent years. By 2022, the market size decreased to 1.7843 billion Euros, reflecting a decline annually with minor rebounds.
The year-on-year percentage variations indicate significant volatility, with noticeable decreases in 2014, 2016, and a gradual decline from 2017 to 2022. The Compound Annual Growth Rate (CAGR) over the past 5 years up to 2022 shows a slight decrease at -0.23%. Trends over the last two years demonstrate a steady decrease of less than 1% each year.
The average variation per year over the last 5 years (2017-2022) is -0.23%, highlighting an overall decline in the market.
Looking forward to 2024, key trends to watch for include potential impacts of economic policy changes, consumer demand shifts towards healthier or alternative grains, and possible shifts due to international trade agreements or disruptions. Monitoring these factors will be critical in forecasting the future market trajectory.
How does the United Kingdom rank in Wheat or Meslin Flour Market Size Value?
| # | 23 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,777,500,000 | 2023 | +1.5% | +1.28% | View data |
| 2 | 2 Italy | 2,108,400,000 | 2023 | -4.15% | -1.81% | View data |
| 3 | 3 Germany | 2,094,500,000 | 2023 | -1.05% | +1.17% | View data |
| 4 | 4 United Kingdom | 1,770,000,000 | 2023 | -0.8% | +0.38% | |
| 5 | 5 Spain | 1,521,300,000 | 2023 | +0.11% | -0.26% | View data |
| 6 | 6 Poland | 960,700,000 | 2023 | -1.05% | +1.3% | View data |
