United Kingdom - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of Propylene Glycol in UK Decreases to $1,811 per Ton
United Kingdom Propylene Glycol Import Price in April 2023
In April 2023, the propylene glycol price stood at $1,811 per ton (CIF, United Kingdom), declining by -1.8% against the previous month. Overall, the import price recorded a perceptible decline. The pace of growth was the most pronounced in February 2023 when the average import price increased by 49% month-to-month. The import price peaked at $3,143 per ton in April 2022; however, from May 2022 to April 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In April 2023, the countries with the highest prices were South Korea ($1,942 per ton) and Germany ($1,864 per ton), while the price for the Netherlands ($1,609 per ton) and China ($1,729 per ton) were amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by South Korea (-0.7%), while the prices for the other major suppliers experienced a decline.
| COUNTRY | Import Price of Propylene Glycol in United Kingdom (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| South Korea | 2,118 | 1,582 | 2,362 | 2,828 | 2,836 | 2,499 | 2,708 | 2,542 | 1,817 | 2,319 | 3,139 | 2,211 | 1,942 |
| Germany | 3,663 | 3,236 | 3,419 | 2,979 | 2,996 | 2,578 | 2,710 | 2,686 | 2,420 | 2,493 | 2,299 | 2,358 | 1,864 |
| France | 2,597 | 1,520 | 2,836 | 2,426 | 1,788 | 2,061 | 1,715 | 1,880 | 1,856 | 1,548 | 1,513 | 1,709 | 1,753 |
| China | 2,456 | 2,901 | 2,872 | 2,969 | 3,318 | 3,025 | 1,589 | 2,065 | 1,691 | 1,402 | 1,508 | 1,276 | 1,729 |
| Netherlands | 3,011 | 2,333 | 1,580 | 1,513 | 2,375 | 2,545 | 2,382 | 2,229 | 16,203 | 2,047 | 13,688 | 1,796 | 1,609 |
| Average | 3,143 | 3,020 | 2,154 | 1,980 | 2,849 | 2,420 | 2,264 | 2,540 | 2,549 | 1,852 | 2,767 | 1,844 | 1,811 |
United Kingdom Propylene Glycol Imports
In April 2023, the amount of propylene glycol (propane-1,2-diol) imported into the UK surged to 1.7K tons, growing by 30% on the previous month. In general, imports recorded a mild expansion. The most prominent rate of growth was recorded in May 2022 with an increase of 160% m-o-m. As a result, imports reached the peak of 3.8K tons. From June 2022 to April 2023, the growth of imports failed to regain momentum.
In value terms, propylene glycol imports surged to $3.1M (IndexBox estimates) in April 2023. Over the period under review, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in May 2022 with an increase of 149% month-to-month. As a result, imports attained the peak of $11M. From June 2022 to April 2023, the growth of imports remained at a somewhat lower figure.
United Kingdom Propylene Glycol Imports by Country
In April 2023, France (1.1K tons) constituted the largest supplier of propylene glycol to the UK, with a 63% share of total imports. Moreover, propylene glycol imports from France exceeded the figures recorded by the second-largest supplier, Germany (283 tons), fourfold. The third position in this ranking was held by the Netherlands (99 tons), with a 5.9% share.
From April 2022 to April 2023, the average monthly rate of growth in terms of volume from France totaled +20.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-7.3% per month) and the Netherlands (+0.3% per month).
In value terms, France ($1.9M) constituted the largest supplier of propylene glycol to the UK, comprising 61% of total imports. The second position in the ranking was taken by Germany ($527K), with a 17% share of total imports. It was followed by the Netherlands, with a 5.2% share.
From April 2022 to April 2023, the average monthly rate of growth in terms of value from France amounted to +16.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-12.4% per month) and the Netherlands (-4.8% per month).
This report provides an in-depth analysis of the propylene glycol 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 20142320 - Propylene glycol (propane-1,2-diol)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
