United Kingdom: Book Cover Market 2024

Book Cover Market Size in the UK

In 2022, the UK book cover market increased by 66% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Book Cover Production in the UK

In value terms, book cover production reduced to $X in 2022 estimated in export price. Overall, production faced a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 0.7% against the previous year. Book cover production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Book Cover Exports

Exports from the UK

In 2022, exports of blotting pads and book covers from the UK fell remarkably to X tons, shrinking by -35.3% against the previous year. Overall, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 516%. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, book cover exports contracted sharply to $X in 2022. In general, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 245% against the previous year. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Ireland (X tons) was the main destination for book cover exports from the UK, accounting for a 83% share of total exports. Moreover, book cover exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (X tons), ninefold. The Czech Republic (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland stood at +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.1% per year) and the Czech Republic (+15.1% per year).

In value terms, Ireland ($X) remains the key foreign market for blotting pads and book covers exports from the UK, comprising 76% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 5.8% share of total exports. It was followed by France, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value to Ireland totaled +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.1% per year) and France (-8.0% per year).

Export Prices by Country

The average book cover export price stood at $X per ton in 2022, rising by 16% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, book cover export price decreased by -34.8% against 2020 indices. The pace of growth appeared the most rapid in 2019 an increase of 80% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to the Czech Republic ($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 Nigeria (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Book Cover Imports

Imports into the UK

In 2022, supplies from abroad of blotting pads and book covers increased by 32% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, saw a perceptible contraction. The growth pace was the most rapid in 2021 with an increase of 45%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, book cover imports stood at $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 56% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest book cover supplier to the UK, accounting for a 74% share of total imports. Moreover, book cover imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+23.2% per year) and India (-13.0% per year).

In value terms, China ($X) constituted the largest supplier of blotting pads and book covers to the UK, comprising 54% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 6.4% share of total imports. It was followed by Italy, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+23.9% per year) and Italy (+21.3% per year).

Import Prices by Country

In 2022, the average book cover import price amounted to $X per ton, waning by -23.4% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, book cover import price decreased by -27.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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