United Kingdom - Phenols - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUK Phenols Import Falls 25%, Reaching $192M in 2023
United Kingdom Phenols Imports
In 2023, imports of phenols into the UK contracted remarkably to 43K tons, waning by -46.7% against the previous year's figure. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 9.4%. As a result, imports reached the peak of 104K tons. From 2019 to 2023, the growth of imports failed to regain momentum.
In value terms, phenols imports contracted rapidly to $192M (IndexBox estimates) in 2023. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked at $257M in 2022, and then declined dramatically in the following year.
| COUNTRY | Import Value of Phenols in United Kingdom (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Germany | 55.3 | 56.3 | 62.7 | 53.1 | 61.0 | 62.0 | 53.7 | 49.7 | 49.5 | 45.2 | 48.2 |
| Spain | 7.9 | 5.5 | 2.1 | 1.7 | 5.7 | 4.2 | 1.8 | 1.1 | 28.4 | 26.0 | 32.3 |
| Finland | 35.2 | 31.0 | 13.9 | 16.6 | 26.1 | 53.5 | 42.4 | 30.0 | 41.4 | 57.8 | 21.3 |
| United States | 18.2 | 21.6 | 10.7 | 12.1 | 8.7 | 11.7 | 13.2 | 17.6 | 14.3 | 26.3 | 20.1 |
| China | 10.6 | 12.0 | 12.3 | 15.4 | 15.5 | 18.1 | 13.8 | 20.9 | 23.2 | 35.3 | 20.1 |
| Japan | 15.1 | 20.3 | 15.5 | 13.2 | 13.5 | 14.4 | 13.7 | 9.1 | 9.8 | 14.0 | 10.5 |
| Switzerland | 6.5 | 9.2 | 9.0 | 11.5 | 11.3 | 15.5 | 12.7 | 8.3 | 5.7 | 9.8 | 8.5 |
| Belgium | 57.8 | 54.7 | 42.2 | 31.8 | 25.1 | 6.2 | 18.7 | 23.7 | 15.7 | 9.0 | 3.4 |
| Others | 27.7 | 30.1 | 20.4 | 17.6 | 22.2 | 22.8 | 24.2 | 23.7 | 40.3 | 33.8 | 27.1 |
| Total | 234 | 241 | 189 | 173 | 189 | 208 | 194 | 184 | 228 | 257 | 192 |
Imports by Country
Spain (11K tons), Finland (10K tons) and Germany (7.9K tons) were the main suppliers of phenols imports to the UK, with a combined 67% share of total imports.
From 2013 to 2023, the biggest increases were recorded for Spain (with a CAGR of +9.8%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, Germany ($48M), Spain ($32M) and Finland ($21M) were the largest phenols suppliers to the UK, with a combined 53% share of total imports.
Spain, with a CAGR of +15.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In 2023, monophenols (35K tons) constituted the largest type of phenols supplied to the UK, accounting for a 80% share of total imports. Moreover, monophenols exceeded the figures recorded for the second-largest type, 4,4-isopropylidenediphenol (bisphenol a; diphenylolpropane) and its salts (3.7K tons), ninefold. The third position in this ranking was taken by polyphenols and phenol-alcohols (3K tons), with a 6.9% share.
From 2013 to 2023, the average annual rate of growth in terms of the volume of monophenols imports stood at -8.3%. With regard to the other supplied products, the following average annual rates of growth were recorded: 4,4-isopropylidenediphenol (bisphenol a; diphenylolpropane) and its salts (-3.1% per year) and polyphenols and phenol-alcohols (-5.4% per year).
In value terms, monophenols ($125M) constituted the largest type of phenols supplied to the UK, comprising 65% of total imports. The second position in the ranking was held by polyphenols and phenol-alcohols ($39M), with a 20% share of total imports. It was followed by halogenated, sulphonated, nitrated or nitrosated derivatives of phenols or phenol-alcohols, with a 5.6% share.
Import Prices by Country
In 2023, the phenols price amounted to $4,429 per ton (CIF, United Kingdom), jumping by 40% against the previous year. In general, the import price posted resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($15,139 per ton), while the price for Belgium ($1,784 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the phenols market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142410 - Monophenols
- Prodcom 20142433 - 4,4-Isopropylidenediphenol (bisphenol A, diphenylolpropane) a nd its salts
- Prodcom 20142439 - Polyphenols (including salts, excluding 4,4 isopropylidenediphenol) and phenol-alcohols
- Prodcom 20142450 - Halogenated, sulphonated, nitrated or nitrosated derivatives of phenols or phenol-alcohols
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
