Industry Analysis & Industry Trends
It has been a turbulent few years for the UK Flower and Plant Growing industry. Industry operators have experienced a significant degree of volatility since the global credit crisis, rising international competition in the domestic market, coupled with the rising power and stringent demands of leading supermarkets over the supply chain. These factors have caused some significant swings in revenue and prompted increasing industry consolidation. Overall, IBISWorld expects that industry revenue has grown at an average annual rate of 2.8% over the five years through 2011-12 to total £1.02 billion, however there is an expected decline of 0.4% over 2011-12... purchase to read moree
Industry Report - Industry Analysis Chapter
Until the recent global economic downturn, the United Kingdom was a premium destination for hardy nursery stock and floriculture products. The Flower and Plant Growing industry enjoyed consistent growth prior to the crisis. In fact, during 2007 it became the second-biggest market in Europe after Germany, according to the Centre for the Promotion of Imports from Developing Countries (CBI). The UK domestic market is especially attractive to foreign growers, due to the high average per capita incomes and above-average spending on flowers compared with the rest of the EU.
For the cut flower market in particular, this is complemented by the growing popularity of purchasing flowers for personal or decorative purposes instead of simply commemorating special occasions... purchase to read more