United Kingdom: Aldehydes Cyclic Polymers Market 2024

Aldehydes Cyclic Polymers Market Size in the UK

The UK aldehydes cyclic polymers market dropped to $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.2% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Aldehydes Cyclic Polymers Production in the UK

In value terms, aldehydes cyclic polymers production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +0.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Aldehydes Cyclic Polymers Exports

Exports from the UK

In 2022, overseas shipments of cyclic polymers of aldehydes decreased by -56.2% to X tons, falling for the second consecutive year after two years of growth. Overall, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 810% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, aldehydes cyclic polymers exports fell rapidly to $X in 2022. In general, exports recorded a dramatic downturn. The growth pace was the most rapid in 2017 when exports increased by 465% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for aldehydes cyclic polymers exports from the UK, with a 91% share of total exports. Moreover, aldehydes cyclic polymers exports to South Korea exceeded the volume sent to the second major destination, Nigeria (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to South Korea totaled +71.6%.

In value terms, South Korea ($X) remains the key foreign market for cyclic polymers of aldehydes exports from the UK, comprising 78% of total exports. The second position in the ranking was held by Nigeria ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea totaled +38.6%.

Export Prices by Country

In 2022, the average aldehydes cyclic polymers export price amounted to $X per ton, with a decrease of -24.1% against the previous year. Overall, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 565% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 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 South Korea stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+15.3%), while the prices for the other major destinations experienced a decline.

Aldehydes Cyclic Polymers Imports

Imports into the UK

In 2022, imports of cyclic polymers of aldehydes into the UK contracted notably to X kg, with a decrease of -98.2% compared with 2021 figures. Over the period under review, imports saw a dramatic setback. The most prominent rate of growth was recorded in 2016 with an increase of 630% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, aldehydes cyclic polymers imports dropped dramatically to $X in 2022. Overall, imports saw a dramatic descent. The pace of growth was the most pronounced in 2016 when imports increased by 250% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X kg), Belgium (X kg) and the United States (X kg) were the main suppliers of aldehydes cyclic polymers imports to the UK.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of -3.2%), while imports for the other leaders experienced a decline.

In value terms, Switzerland ($X), Belgium ($X) and the United States ($X) constituted the largest aldehydes cyclic polymers suppliers to the UK.

In terms of the main suppliers, Belgium, with a CAGR of -7.0%, 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 a decline.

Import Prices by Country

In 2022, the average aldehydes cyclic polymers import price amounted to $X per ton, increasing by 268% against the previous year. Over the period under review, the import price enjoyed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Belgium ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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