United Kingdom: Degras Market 2024

Degras Market Size in the UK

The UK degras market contracted to $X in 2021, waning by -2.4% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Degras Production in the UK

In value terms, degras production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +13.3% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Degras Exports

Exports from the UK

In 2021, shipments abroad of degras decreased by -69.7% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 434%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then reduced markedly in the following year.

In value terms, degras exports contracted markedly to $X in 2021. Overall, exports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 265%. The exports peaked at $X in 2020, and then reduced remarkably in the following year.

Exports by Country

The Netherlands (X tons), Denmark (X tons) and Trinidad and Tobago (X tons) were the main destinations of degras exports from the UK, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +19.1%), while the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) emerged as the key foreign market for degras exports from the UK, comprising 60% of total exports. The second position in the ranking was taken by Denmark ($X), with a 29% share of total exports. It was followed by Trinidad and Tobago, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-4.0% per year) and Trinidad and Tobago (-86.0% per year).

Export Prices by Country

The average degras export price stood at $X per ton in 2021, reducing by -11.5% against the previous year. In general, the export price continues to indicate a slight setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 38%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($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 Trinidad and Tobago (+31.3%), while the prices for the other major destinations experienced more modest paces of growth.

Degras Imports

Imports into the UK

In 2021, overseas purchases of degras increased by 183% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 9,540%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, degras imports surged to $X in 2021. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 5,099% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest degras supplier to the UK, with a 67% share of total imports. Moreover, degras imports from Indonesia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Indonesia amounted to +304.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+133.7% per year) and Italy (+33.1% per year).

In value terms, Indonesia ($X) constituted the largest supplier of degras to the UK, comprising 76% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Indonesia totaled +186.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+114.6% per year) and Italy (+24.6% per year).

Import Prices by Country

The average degras import price stood at $X per ton in 2021, falling by -29.9% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 90%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+26.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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