United Kingdom: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in the UK

The UK polycarboxylic acid market rose slightly to $X in 2022, picking up by 4.5% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Polycarboxylic Acid Production in the UK

In value terms, polycarboxylic acid production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 60%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Polycarboxylic Acid Exports

Exports from the UK

Polycarboxylic acid exports from the UK plummeted to X tons in 2022, falling by -58.9% compared with the year before. In general, exports showed a dramatic descent. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, polycarboxylic acid exports dropped remarkably to $X in 2022. Over the period under review, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Switzerland (X tons) and Germany (X tons) were the main destinations of polycarboxylic acid exports from the UK, with a combined 51% share of total exports. China, Norway, the United States, Italy, the Netherlands, Belgium, Ireland, Spain, Canada and Turkey lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +29.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polycarboxylic acid exported from the UK were Switzerland ($X), the United States ($X) and Germany ($X), with a combined 44% share of total exports. France, China, the Netherlands, Norway, Italy, Ireland, Canada, Spain, Belgium and Turkey lagged somewhat behind, together comprising a further 37%.

Canada, with a CAGR of +12.9%, recorded the highest growth rate of 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

In 2022, the average polycarboxylic acid export price amounted to $X per ton, growing by 38% against the previous year. In general, the export price posted a resilient increase. As a result, the export price reached 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 ($X per ton), while the average price for exports to France ($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 Italy (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into the UK

In 2022, overseas purchases of polycarboxylic acids decreased by -20.8% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, imports faced a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, polycarboxylic acid imports contracted modestly to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of 67% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest polycarboxylic acid supplier to the UK, accounting for a 26% share of total imports. Moreover, polycarboxylic acid imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.7% per year) and Italy (+1.8% per year).

In value terms, Germany ($X) constituted the largest supplier of polycarboxylic acids to the UK, comprising 24% of total imports. The second position in the ranking was held by China ($X), with a 9.4% share of total imports. It was followed by South Korea, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.6% per year) and South Korea (+9.6% per year).

Import Prices by Country

In 2022, the average polycarboxylic acid import price amounted to $X per ton, increasing by 23% against the previous year. In general, the import price continues to indicate notable growth. The growth pace was the most rapid in 2021 an increase of 78%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :