United Kingdom: Cyclohexane Market 2024

Cyclohexane Market Size in the UK

The UK cyclohexane market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Cyclohexane Production in the UK

In value terms, cyclohexane production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Cyclohexane Exports

Exports from the UK

Cyclohexane exports from the UK declined significantly to X tons in 2021, with a decrease of -70.6% against 2020 figures. Overall, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2014 when exports increased by 37% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, cyclohexane exports shrank rapidly to $X in 2021. In general, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2014 with an increase of 51%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for cyclohexane exports from the UK, with a 58% share of total exports. Moreover, cyclohexane exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Ireland (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to -50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.4% per year) and Ireland (-30.5% per year).

In value terms, the largest markets for cyclohexane exported from the UK were the Netherlands ($X), France ($X) and Ireland ($X), with a combined 85% share of total exports.

Among the main countries of destination, France, with a CAGR of +15.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average cyclohexane export price amounted to $X per ton, declining by -25.6% against the previous year. Over the period under review, the export price, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 88% against the previous year. The export price peaked at $X per ton in 2020, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Ireland ($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 the Netherlands (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexane Imports

Imports into the UK

In 2021, approx. X tons of cyclohexane were imported into the UK; shrinking by -38.7% against 2020. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 139%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cyclohexane imports rose markedly to $X in 2021. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by 49%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of cyclohexane imports to the UK, together comprising 93% of total imports. Slovakia lagged somewhat behind, comprising a further 4.7%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +409.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclohexane suppliers to the UK were Belgium ($X), the Netherlands ($X) and Spain ($X), together comprising 90% of total imports. Slovakia lagged somewhat behind, comprising a further 5.1%.

Slovakia, with a CAGR of +91.7%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average cyclohexane import price amounted to $X per ton, with an increase of 82% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Slovakia ($X per ton) and Spain ($X per ton), while the price for the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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