United Kingdom: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in the UK

In 2022, the UK halogenated hydrocarbon derivative market increased by 47% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.5% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Halogenated Hydrocarbon Derivative Production in the UK

In value terms, halogenated hydrocarbon derivative production stood at $X in 2022 estimated in export price. In general, production, however, faced a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 9.8%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from the UK

In 2022, shipments abroad of halogenated derivatives of hydrocarbons decreased by -53.6% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 with an increase of 59%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative exports fell to $X in 2022. Over the period under review, exports saw a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of 43%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for halogenated hydrocarbon derivative exports from the UK, accounting for a 56% share of total exports. Moreover, halogenated hydrocarbon derivative exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+20.3% per year) and the Netherlands (+18.9% per year).

In value terms, the largest markets for halogenated hydrocarbon derivative exported from the UK were Germany ($X), the Netherlands ($X) and the United States ($X), with a combined 59% share of total exports. Belgium, Spain and the United Arab Emirates lagged somewhat behind, together accounting for a further 16%.

The United Arab Emirates, with a CAGR of +16.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, rising by 88% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 (+4.3%), while the prices for the other major destinations experienced a decline.

Halogenated Hydrocarbon Derivative Imports

Imports into the UK

Halogenated hydrocarbon derivative imports into the UK declined dramatically to X tons in 2022, with a decrease of -25% compared with the previous year. Over the period under review, imports continue to indicate a slight contraction. The growth pace was the most rapid in 2017 when imports increased by 14%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 34%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest halogenated hydrocarbon derivative supplier to the UK, with a 49% share of total imports. Moreover, halogenated hydrocarbon derivative imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway amounted to -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.5% per year) and the United States (+11.4% per year).

In value terms, Germany ($X), Norway ($X) and the United States ($X) constituted the largest halogenated hydrocarbon derivative suppliers to the UK, together accounting for 60% of total imports. Japan, China, Israel, the Netherlands, France and Belgium lagged somewhat behind, together accounting for a further 38%.

Japan, with a CAGR of +14.0%, recorded the highest growth rate of 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.

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, growing by 43% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +75.9% against 2020 indices. 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 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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