United Kingdom: Acetone Market 2025

Acetone Market Size in the UK

In 2021, the UK acetone market increased by 47% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Acetone Production in the UK

In value terms, acetone production soared to $X in 2021 estimated in export price. Over the period under review, production faced a precipitous setback. Acetone production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Acetone Exports

Exports from the UK

In 2021, acetone exports from the UK shrank remarkably to X tons, reducing by -23.3% against the year before. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 18%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, acetone exports expanded markedly to $X in 2021. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for acetone exports from the UK, with a 58% share of total exports. Moreover, acetone exports to Ireland exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-16.8% per year) and the Netherlands (+20.2% per year).

In value terms, Ireland ($X) remains the key foreign market for acetone exports from the UK, comprising 45% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total exports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland totaled -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+23.8% per year) and Belgium (-12.7% per year).

Export Prices by Country

The average acetone export price stood at $X per ton in 2021, surging by 44% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. 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 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 Belgium (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Acetone Imports

Imports into the UK

In 2021, overseas purchases of acetone increased by 19% to X tons, rising for the second year in a row after three years of decline. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 7,074% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, acetone imports surged to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 4,473%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), Belgium (X tons) and Finland (X tons) were the main suppliers of acetone imports to the UK, with a combined 90% share of total imports. Germany and the Netherlands lagged somewhat behind, together accounting for a further 9.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +131.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and Finland ($X) appeared to be the largest acetone suppliers to the UK, together comprising 87% of total imports. These countries were followed by Germany and the Netherlands, which together accounted for a further 12%.

The Netherlands, with a CAGR of +142.8%, recorded 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 acetone import price amounted to $X per ton, with an increase of 41% against the previous year. In general, the import price, however, saw a noticeable contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Finland ($X per ton), while the price for Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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