Based on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Fastest Growing Industries by Exports in the UK in 2023
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View a list of the Top 25 fastest growing industries by exportsGrowth in Exports for 2023: 58.4%
The Seafood Processing industry's revenue is forecast to decrease at a compound annual rate of 0.5% over the five years through 2022-23 to £3.5 billion. The COVID-19 pandemic hampered revenue growth, while a rise in exports and increased selling prices acted as a counterbalance. Domestic demand conditions have been bleak, as the rising cost-of-living increased inflationary pressures and higher selling prices made seafood products less affordable. Despite this, increasing awareness of the health benefits of consuming seafood pushed back against severe market pressures. Fish catch volumes have declined because of rising costs for fishermen and quotas that constrained the supply... Learn More
Growth in Exports for 2023: 47.3%
The Chemical and Fertiliser Mineral Mining industry has been subject to volatile conditions over the past five years. The industry transitioned to the production of polyhalite, which led to a substantial reduction in potash prices and significant revenue decline for much of the past five years. However, production of polyhalite in 2018 has given the industry a new lease of life. Cleveland Potash Ltd, the largest firm in the industry, has transitioned into a polyhalite-only mining business. Industry players were able to continue production despite the COVID-19 (coronavirus) outbreak, with firms implementing social distancing measures and other safety measures to... Learn More
Growth in Exports for 2023: 45.0%
Operators in the Petroleum Refining industry use a refining process to manufacture petrol and petroleum-based products such as Vaseline, petroleum jelly, paraffin wax and white spirit. Most refineries are geared towards petrol production and have been negatively affected by declining demand for petrol, as this led to oversupply. Some industry operators have closed refineries over the past five years, while others have aimed to find new markets for their excess petrol. A number of operators have altered their production to focus on diesel as the new primary fuel. Diesel is more fuel efficient than petrol and until recently was considered... Learn More
Growth in Exports for 2023: 44.3%
The UK Fruit Growing industry consists of approximately 6,250 establishments and has produced roughly 700,000 tonnes of fruit per year over the past five years. Domestic production contributed 14.9% of the total UK supply of fruit by value in 2021. Increases in the supply capabilities of domestic growers are limited to certain fruits, as the climate is unsuitable for tropical fruits like bananas and oranges. Soft fruits such as strawberries and raspberries are the most commonly grown in the industry. Orchard fruits, pears, plums and apples, including those used for heating, cooking and cider production, are also widely grown.
Revenue growth... Learn More
Growth in Exports for 2023: 44.0%
The Sanitary Product Manufacturing industry is challenged by companies restructuring their operations and moving production overseas to take advantage of lower production costs. Stronger brands face competition from low-cost alternatives and higher input costs, putting pressure on prices and squeezing profitability. Despite a temporary surge in sales toilet paper, tissues and other personal-care items when COVID-19 hit (UK consumers stockpiled goods as they feared shortages), revenue dipped in 2020-21, with lockdown measures cutting into demand from businesses. Industry revenue will fall at a compound annual rate of 1.6% over the five years through 2022-23 to £2.7 billion, including a 3.5%... Learn More
Growth in Exports for 2023: 33.0%
The Toy and Game Manufacturing industry has been resilient in recent years amid rising import penetration and changing consumer tastes. Depreciations in the pound increased the price competitiveness of UK products in overseas markets over the two years through 2019-20, aiding strong export revenue. Successful product developments aimed at maintaining demand from children aged 10 and under have supported domestic demand. Nevertheless, the effect of increased domestic demand has been mitigated by intense competition from imports, despite the weak pound. Industry revenue is expected to increase at a compound annual rate of 2.1% over the five years through 2022-23 to... Learn More
Growth in Exports for 2023: 27.4%
Over the five-year period through 2022-23, the Other Non-Ferrous Metal Production industry's revenue is expected to contract at a compound annual rate of 1.4%. However, this masks a high level of revenue volatility. Fluctuations in nickel and titanium prices, as well as the effects of the COVID-19 (coronavirus) pandemic on key downstream markets, have induced a high level of revenue volatility in the industry over the period. The production of nickel and titanium is expected to account for 78.5% of industry revenue in 2022-23.
Growing demand for steel prior to the coronavirus pandemic supported demand for non-ferrous metals, as they are... Learn More
Growth in Exports for 2023: 27.3%
Industry operators recycle gold, silver and platinum group metals from many materials. Sales of platinum group metals are heavily influenced by the performance of the automotive sector, as the commodity is a crucial input in the manufacture of catalytic converters. Platinum is more prevalent in diesel vehicles and palladium in petrol vehicles, although all catalysts contain a proportion of platinum, palladium and rhodium. Gold and silver are both used to make jewellery and have a variety of industrial uses. Furthermore, they are also popular with investors, who consider them a safe investment for their wealth, causing gold and silver prices... Learn More
Growth in Exports for 2023: 25.4%
Per-capita alcohol consumption, income, price, health consciousness and consumer preferences drive non-alcoholic beer producers' performance. Over the five years through 2022-23, revenue is set to grow at a compound annual rate of 30% to £807.6 million, including growth of 34.2% in 2022-23, with the average industry profit margin hitting 19.7%.
Shrinking alcohol consumption per capita alongside growing health consciousness is paving the way for industry growth. Popular craft beer producers are rapidly introducing no-alcohol and sustainable beer varieties, driving growth in the non-alcoholic beer industry. During the COVID-19 pandemic, many consumers stuck at home cut out booze, dabbing into non-alcoholic beer... Learn More
Growth in Exports for 2023: 25.3%
Operators in the Aluminium Production industry produce aluminium through smelting and recycling scrap metals. They also handle basic aluminium processing. Over the past decade, the industry's primary aluminium production capacity has declined considerably. Just one operational primary smelter remains in the United Kingdom, located in Lochaber, Scotland. Volatile metal prices, rising energy costs and lacklustre demand from downstream markets have buffeted aluminium producers. Over the five years through 2022-23, industry revenue is projected to contract at a compound annual rate of 0.1% to over £1.8 billion.
Stringent emissions regulations have driven several firms operating in energy-intensive industries, such as the Aluminium... Learn More
Based on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Biggest Industries by Employment in the UK in 2023
VIEW ARTICLEBased on the expert analysis and our database of 440+ UK industries, IBISWorld presents a list of the Biggest Industries By Revenue in the UK in 2023
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