United Kingdom: Abrasives Market 2024

Abrasives Market Size in the UK

The UK abrasives market amounted to $X in 2021, approximately equating the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.7% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Abrasives Production in the UK

In value terms, abrasives production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Abrasives Exports

Exports from the UK

In 2021, exports of abrasives (natural) from the UK shrank rapidly to X tons, waning by -15% against the previous year's figure. In general, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 86% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, abrasives exports fell markedly to $X in 2021. Overall, exports recorded a mild downturn. The growth pace was the most rapid in 2013 when exports increased by 58%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons), the United Arab Emirates (X tons) and China (X tons) were the main destinations of abrasives exports from the UK, together accounting for 53% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +60.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for abrasives exported from the UK were the United Arab Emirates ($X), Ireland ($X) and Brunei Darussalam ($X), with a combined 29% share of total exports.

The United Arab Emirates, with a CAGR of +57.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 abrasives export price stood at $X per ton in 2021, which is down by -10.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 41% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Ireland ($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 Germany (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Abrasives Imports

Imports into the UK

Abrasives imports into the UK reached X tons in 2021, surging by 2.4% compared with the year before. Over the period under review, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 29%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, abrasives imports rose to $X in 2021. In general, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when imports increased by 24%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), South Africa (X tons) and Turkey (X tons) were the main suppliers of abrasives imports to the UK, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +36.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and South Africa ($X) constituted the largest abrasives suppliers to the UK, with a combined 71% share of total imports.

In terms of the main suppliers, South Africa, with a CAGR of +43.8%, 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

The average abrasives import price stood at $X per ton in 2021, growing by 2.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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