United Kingdom: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in the UK

In 2021, the UK amine-function compounds market increased by 10% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a noticeable descent. Amine-function compounds consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Amine-Function Compounds Production in the UK

In value terms, amine-function compounds production reduced slightly to $X in 2021 estimated in export price. In general, production, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by 20% against the previous year. Amine-function compounds production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Amine-Function Compounds Exports

Exports from the UK

For the third year in a row, the UK recorded decline in overseas shipments of amine-function compounds, which decreased by -12.9% to X tons in 2021. In general, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2016 with an increase of 16% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, amine-function compounds exports dropped to $X in 2021. Over the period under review, exports recorded a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 13%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for amine-function compounds exports from the UK, with a 82% share of total exports. Moreover, amine-function compounds exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+70.5% per year) and Belgium (-12.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for amine-function compounds exports from the UK, comprising 68% of total exports. The second position in the ranking was held by the United States ($X), with a 9.3% share of total exports. It was followed by Belgium, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+29.4% per year) and Belgium (-20.3% per year).

Export Prices by Country

The average amine-function compounds export price stood at $X per ton in 2021, with an increase of 4.3% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.2%), while the prices for the other major destinations experienced a decline.

Amine-Function Compounds Imports

Imports into the UK

In 2021, approx. X tons of amine-function compounds were imported into the UK; waning by -6.2% against the previous year. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, amine-function compounds imports stood at $X in 2021. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 13% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and China (X tons) were the main suppliers of amine-function compounds imports to the UK, with a combined 81% share of total imports. These countries were followed by the Netherlands, Italy, India, Sweden, the United States and Ireland, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +17.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and China ($X) appeared to be the largest amine-function compounds suppliers to the UK, together accounting for 69% of total imports. The Netherlands, India, Italy, the United States, Sweden and Ireland lagged somewhat behind, together comprising a further 23%.

Italy, with a CAGR of +13.6%, 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.

Import Prices by Country

In 2021, the average amine-function compounds import price amounted to $X per ton, with an increase of 13% against the previous year. Overall, the import price, however, showed a perceptible curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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