United Kingdom: Abs Copolymers Market 2024

Abs Copolymers Market Size in the UK

In 2021, after three years of decline, there was significant growth in the UK ABS copolymers market, when its value increased by 46% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Abs Copolymers Production in the UK

In value terms, ABS copolymers production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 31% against the previous year. Production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Abs Copolymers Exports

Exports from the UK

In 2021, the amount of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exported from the UK skyrocketed to X tons, picking up by 48% compared with the year before. Over the period under review, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ABS copolymers exports skyrocketed to $X in 2021. Overall, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of ABS copolymers exports from the UK, together accounting for 37% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +70.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from the UK, comprising 19% of total exports. The second position in the ranking was held by Germany ($X), with a 7.4% share of total exports. It was followed by Hungary, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +46.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.1% per year) and Hungary (+12.0% per year).

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, shrinking by -5.2% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 Luxembourg (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Abs Copolymers Imports

Imports into the UK

In 2021, purchases abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, ABS copolymers imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of ABS copolymers imports to the UK, with a combined 52% share of total imports. These countries were followed by Belgium, Taiwan (Chinese), Spain, Ireland and Italy, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +7.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ABS copolymers suppliers to the UK were the Netherlands ($X), Germany ($X) and South Korea ($X), with a combined 50% share of total imports. These countries were followed by Belgium, Taiwan (Chinese), Spain, Ireland and Italy, which together accounted for a further 45%.

Taiwan (Chinese), with a CAGR of +9.2%, recorded the highest growth rate of 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

The average ABS copolymers import price stood at $X per ton in 2021, surging by 39% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Spain ($X per ton) and South Korea ($X per ton), while the price for the Netherlands ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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