United Kingdom: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in the UK

In 2022, after four years of growth, there was decline in the UK buta-1,3-diene and isoprene market, when its value decreased by -2.6% to $X. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +80.4% against 2015 indices. Buta-1,3-diene and isoprene consumption peaked at $X in 2021, and then fell in the following year.

Buta-1,3-Diene And Isoprene Production in the UK

In value terms, buta-1,3-diene and isoprene production amounted to $X in 2022 estimated in export price. In general, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports from the UK

In 2022, overseas shipments of buta-1,3-diene and isoprene were finally on the rise to reach X tons after two years of decline. Overall, exports, however, faced a dramatic descent. The most prominent rate of growth was recorded in 2015 with an increase of 2,155% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, buta-1,3-diene and isoprene exports soared to $X in 2022. In general, exports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 1,483%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for buta-1,3-diene and isoprene exports from the UK, with a 71% share of total exports. Moreover, buta-1,3-diene and isoprene exports to Poland exceeded the volume sent to the second major destination, Denmark (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled +24.8%.

In value terms, Poland ($X) and Denmark ($X) constituted the largest markets for buta-1,3-diene and isoprene exported from the UK worldwide.

Denmark, with a CAGR of +758.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average buta-1,3-diene and isoprene export price stood at $X per ton in 2022, remaining constant against the previous year. In general, the export price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 364% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Poland totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.9%), while the prices for the other major destinations experienced a decline.

Buta-1,3-Diene And Isoprene Imports

Imports into the UK

In 2022, buta-1,3-diene and isoprene imports into the UK declined sharply to X tons, reducing by -24.5% compared with the previous year. Overall, imports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, buta-1,3-diene and isoprene imports reduced to $X in 2022. Over the period under review, imports saw a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 188% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and France (X tons) were the main suppliers of buta-1,3-diene and isoprene imports to the UK, together accounting for 93% of total imports. South Korea, Finland, Germany and Italy lagged somewhat behind, together accounting for a further 6.7%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +57.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and South Korea ($X) were the largest buta-1,3-diene and isoprene suppliers to the UK, together comprising 92% of total imports.

Among the main suppliers, South Korea, with a CAGR of +68.7%, recorded the highest growth rate of 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

The average buta-1,3-diene and isoprene import price stood at $X per ton in 2022, picking up by 19% against the previous year. In general, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 59%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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