United Kingdom: Ether Market 2024

Ether Market Size in the UK

In 2022, the UK ether market increased by 2.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a deep setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ether Production in the UK

In value terms, ether production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ether Exports

Exports from the UK

In 2022, overseas shipments of ethers decreased by -5.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 872%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ether exports expanded rapidly to $X in 2022. In general, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 162%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of ether exports from the UK, together accounting for 92% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +23.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) constituted the largest markets for ether exported from the UK worldwide, together accounting for 65% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +17.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ether export price amounted to $X per ton, rising by 14% against the previous year. In general, the export price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2018 an increase of 44% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.3%), while the prices for the other major destinations experienced a decline.

Ether Imports

Imports into the UK

In 2022, the amount of ethers imported into the UK reduced to X tons, with a decrease of -2.4% compared with the previous year. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 20%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ether imports expanded to $X in 2022. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 29% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of ether imports to the UK, with a combined 59% share of total imports. Germany, Saudi Arabia, France and Finland lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +125.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ether suppliers to the UK were Germany ($X), the United States ($X) and the Netherlands ($X), together accounting for 58% of total imports. Belgium, Saudi Arabia, France and Finland lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +121.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ether import price stood at $X per ton in 2022, increasing by 4.9% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2013 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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