United Kingdom: Plaster Article Market 2024

Plaster Article Market Size in the UK

The UK plaster article market fell slightly to $X in 2021, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.6% against 2012 indices. Plaster article consumption peaked at $X in 2020, and then contracted modestly in the following year.

Plaster Article Production in the UK

In value terms, plaster article production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Plaster Article Exports

Exports from the UK

In 2021, overseas shipments of articles of plaster or of compositions based on plaster decreased by -10.5% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 30%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, plaster article exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for plaster article exports from the UK, with a 68% share of total exports. Moreover, plaster article exports to Ireland exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Austria (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.2% per year) and Austria (+4.4% per year).

In value terms, Ireland ($X) remains the key foreign market for plaster article exports from the UK, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.3% per year) and France (+15.9% per year).

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, jumping by 36% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Ireland ($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 France (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into the UK

In 2021, overseas purchases of articles of plaster or of compositions based on plaster decreased by -5.2% to X tons, falling for the second year in a row after six years of growth. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 97%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, plaster article imports rose markedly to $X in 2021. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 46% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Turkey (X tons), Spain (X tons) and Ireland (X tons) were the main suppliers of plaster article imports to the UK, together accounting for 63% of total imports. These countries were followed by Poland, Germany, France and the Netherlands, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +164.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Turkey ($X) and Spain ($X) constituted the largest plaster article suppliers to the UK, together comprising 57% of total imports. Germany, France, Poland and the Netherlands lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, Poland, with a CAGR of +111.4%, saw the highest growth rate of 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

In 2021, the average plaster article import price amounted to $X per ton, rising by 18% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Ireland ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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