United Kingdom: Bismuth Market 2022

Bismuth Market Size in the UK

The UK bismuth market shrank to $X in 2021, waning by -13% 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). Over the period under review, consumption, however, enjoyed a resilient expansion. As a result, consumption attained the peak level of $X, and then declined in the following year.

Bismuth Exports

Exports from the UK

In 2021, overseas shipments of bismuth decreased by -10.5% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2016 with an increase of 58%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, bismuth exports contracted to $X in 2021. Over the period under review, exports faced a precipitous descent. The pace of growth was the most pronounced in 2014 with an increase of 10% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and France (X tons) were the main destinations of bismuth exports from the UK, together comprising 46% of total exports. Australia, Israel, Poland, Switzerland, Hungary, Saudi Arabia, China, Thailand, Italy and Hong Kong SAR lagged somewhat behind, together comprising a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +32.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and the Czech Republic ($X) constituted the largest markets for bismuth exported from the UK worldwide, together comprising 53% of total exports. These countries were followed by Australia, France, China, Poland, Hong Kong SAR, Switzerland, Israel, Italy, Thailand and Saudi Arabia, which together accounted for a further 38%.

Hong Kong SAR, with a CAGR of +11.5%, 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 bismuth export price stood at $X per ton in 2021, increasing by 4.8% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while the average price for exports to Israel ($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 China (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Bismuth Imports

Imports into the UK

After three years of growth, supplies from abroad of bismuth decreased by -16.6% to X tons in 2021. Over the period under review, imports recorded a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 118% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, bismuth imports reached $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Hong Kong SAR (X tons) and China (X tons) were the main suppliers of bismuth imports to the UK, with a combined 97% 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 the Netherlands (with a CAGR of +157.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bismuth suppliers to the UK were the Netherlands ($X), Hong Kong SAR ($X) and China ($X), together accounting for 94% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +129.2%, recorded the highest rates of growth with regard to 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

In 2021, the average bismuth import price amounted to $X per ton, jumping by 22% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :