United Kingdom: Chlorides Market 2024

Chlorides Market Size in the UK

The UK chlorides market reduced to $X in 2021, with a decrease of -11.5% against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.6% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Chlorides Production in the UK

In value terms, chlorides production declined to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +98.6% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 57%. Chlorides production peaked at $X in 2020, and then contracted in the following year.

Chlorides Exports

Exports from the UK

After two years of decline, overseas shipments of chlorides (excluding ammonium chloride) increased by 25% to X tons in 2021. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 35%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorides exports soared to $X in 2021. In general, exports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2018 when exports increased by 98% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ireland (X tons), Spain (X tons) and France (X tons) were the main destinations of chlorides exports from the UK, with a combined 68% share of total exports. Germany, the United States, the Netherlands, Austria, Switzerland, Russia and Malaysia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +40.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chlorides exported from the UK were Spain ($X), France ($X) and the United States ($X), with a combined 61% share of total exports. These countries were followed by Germany, Russia, Ireland, the Netherlands, Switzerland, Malaysia and Austria, which together accounted for a further 18%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +29.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chlorides export price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($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 France (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides Imports

Imports into the UK

In 2021, supplies from abroad of chlorides (excluding ammonium chloride) decreased by -20.1% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.5% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 40%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, chlorides imports stood at $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 40%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Ireland (X tons) were the main suppliers of chlorides imports to the UK, together accounting for 56% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ireland ($X) and Belgium ($X) constituted the largest chlorides suppliers to the UK, together comprising 44% of total imports.

Ireland, with a CAGR of +52.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 chlorides import price amounted to $X per ton, increasing by 38% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chlorides import price increased by +29.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 47% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($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 more modest paces of growth.

Source: IndexBox Platform

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