United Kingdom: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in the UK

The UK market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) shrank markedly to $X in 2021, with a decrease of -41.6% against the previous year. In general, consumption saw a abrupt decline. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in the UK

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decrease. Production of peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from the UK

In 2021, shipments abroad of acrylic polymers, in primary forms (excluding polymethyl methacrylate) increased by 4.7% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw modest growth. The growth pace was the most rapid in 2014 with an increase of 9.2% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from the UK, with a combined 27% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +10.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from the UK worldwide, with a combined 29% share of total exports.

The Netherlands, with a CAGR of +12.5%, saw the highest growth rate of 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 export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, growing by 13% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Canada ($X per ton), while the average price for exports to Italy ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into the UK

In 2021, approx. X tons of acrylic polymers, in primary forms (excluding polymethyl methacrylate) were imported into the UK; waning by -11.9% against 2020. In general, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 17% 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, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X in 2021. Overall, imports recorded a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of 10% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to the UK, together comprising 70% of total imports. These countries were followed by the Netherlands, Spain, Italy and the United States, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +7.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to the UK, together comprising 65% of total imports. These countries were followed by the Netherlands, the United States, Spain and Italy, which together accounted for a further 23%.

In terms of the main suppliers, the Netherlands, with a CAGR of +8.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, growing by 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform