United Kingdom: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in the UK

For the fourth year in a row, the UK market for compounds with other nitrogen function (excluding isocyanates) recorded decline in sales value, which decreased by -12.7% to $X in 2022. In general, consumption continues to indicate a mild shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in the UK

In value terms, compounds with other nitrogen function production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 8.3% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from the UK

Compounds with other nitrogen function exports from the UK shrank sharply to X tons in 2022, waning by -29.1% against 2021. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 206%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, compounds with other nitrogen function exports fell to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 48%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Germany (X tons) was the main destination for compounds with other nitrogen function exports from the UK, accounting for a 44% share of total exports. Moreover, compounds with other nitrogen function exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), twofold. The Philippines (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.3% per year) and the Philippines (+37.3% per year).

In value terms, Germany ($X), the United States ($X) and Switzerland ($X) were the largest markets for compounds with other nitrogen function exported from the UK worldwide, with a combined 67% share of total exports. The Philippines, the Netherlands, Turkey and Saudi Arabia lagged somewhat behind, together accounting for a further 12%.

In terms of the main countries of destination, the Philippines, with a CAGR of +43.8%, 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 export price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, jumping by 21% against the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by 44%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the 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 Turkey ($X per ton), while the average price for exports to the Philippines ($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 Saudi Arabia (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into the UK

In 2022, supplies from abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -72.8% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 193% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, compounds with other nitrogen function imports shrank sharply to $X in 2022. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2018 when imports increased by 80%. Imports peaked at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest compounds with other nitrogen function supplier to the UK, accounting for a 71% share of total imports. Moreover, compounds with other nitrogen function imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. France (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+26.4% per year) and France (+10.6% per year).

In value terms, Germany ($X), the United States ($X) and France ($X) appeared to be the largest compounds with other nitrogen function suppliers to the UK, with a combined 85% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +21.4%, 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

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, jumping by 73% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The growth pace was the most rapid in 2021 when the average import price increased by 96%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :