United Kingdom: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in the UK

The UK cyclohexanone and methylcyclohexanones market surged to $X in 2021, rising by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value 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. Based on 2021 figures, consumption decreased by -7.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports from the UK

Cyclohexanone and methylcyclohexanones exports from the UK soared to X tons in 2021, increasing by 56% on the previous year's figure. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 162%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports rose sharply to $X in 2021. Overall, exports posted a tangible expansion. The pace of growth was the most pronounced in 2018 with an increase of 208%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), India (X tons) and Belgium (X tons) were the main destinations of cyclohexanone and methylcyclohexanones exports from the UK, with a combined 60% share of total exports. These countries were followed by the Netherlands, Switzerland, Costa Rica, Portugal and Germany, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +24,989.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cyclohexanone and methylcyclohexanones exported from the UK were China ($X), Switzerland ($X) and Belgium ($X), with a combined 86% share of total exports. These countries were followed by the Netherlands, India, Germany, Costa Rica and Portugal, which together accounted for a further 11%.

Portugal, with a CAGR of +7,285.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cyclohexanone and methylcyclohexanones export price amounted to $X per ton, reducing by -29% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Switzerland ($X per ton), while the average price for exports to India ($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 (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclohexanone And Methylcyclohexanones Imports

Imports into the UK

In 2021, cyclohexanone and methylcyclohexanones imports into the UK stood at X tons, increasing by 14% on the previous year's figure. Overall, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.0% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, cyclohexanone and methylcyclohexanones imports soared to $X in 2021. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of cyclohexanone and methylcyclohexanones imports to the UK, together accounting for 92% of total imports. The United States and Japan lagged somewhat behind, together accounting for a further 7.8%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +214.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclohexanone and methylcyclohexanones suppliers to the UK were the Netherlands ($X), Italy ($X) and Germany ($X), together comprising 87% of total imports. The United States and Japan lagged somewhat behind, together accounting for a further 12%.

The United States, with a CAGR of +123.3%, saw the highest growth rate of the value of imports, among 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 cyclohexanone and methylcyclohexanones import price amounted to $X per ton, rising by 53% against the previous year. In general, the import price, however, recorded a slight decline. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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