United Kingdom: Antimony Oxides Market 2024

Antimony Oxides Market Size in the UK

The UK antimony oxides market declined significantly to $X in 2022, dropping by -16.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a mild setback. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Antimony Oxides Exports

Exports from the UK

In 2022, shipments abroad of antimony oxides decreased by -76.3% to X tons, falling for the third consecutive year after two years of growth. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of 57%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, antimony oxides exports dropped remarkably to $X in 2022. Overall, exports saw a significant decrease. The growth pace was the most rapid in 2019 with an increase of 60% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for antimony oxides exports from the UK, accounting for a 81% share of total exports. Moreover, antimony oxides exports to Germany exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-22.7% per year) and the Netherlands (-34.1% per year).

In value terms, Germany ($X) remains the key foreign market for antimony oxides exports from the UK, comprising 79% of total exports. The second position in the ranking was taken by France ($X), with an 8.7% share of total exports. It was followed by the Netherlands, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-18.3% per year) and the Netherlands (-28.7% per year).

Export Prices by Country

In 2022, the average antimony oxides export price amounted to $X per ton, increasing by 13% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, antimony oxides export price increased by +75.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 55%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Antimony Oxides Imports

Imports into the UK

In 2022, antimony oxides imports into the UK shrank significantly to X tons, waning by -32% on the year before. In general, imports recorded a noticeable slump. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, antimony oxides imports dropped to $X in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 83%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Belgium (X tons) and China (X tons) were the main suppliers of antimony oxides imports to the UK, with a combined 86% share of total imports. Ireland, Spain, the United States and Germany lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +26.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of antimony oxides to the UK, comprising 55% of total imports. The second position in the ranking was held by Belgium ($X), with a 25% share of total imports. It was followed by China, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.3% per year) and China (-6.9% per year).

Import Prices by Country

The average antimony oxides import price stood at $X per ton in 2022, with an increase of 29% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 56% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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