United Kingdom: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in the UK

In 2022, the UK azo- or azoxy-compounds market increased by 19% to $X, rising for the third consecutive year after three years of decline. In general, consumption, however, saw a mild setback. Azo- or azoxy-compounds consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Azo- Or Azoxy-Compounds Production in the UK

In value terms, azo- or azoxy-compounds production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 20% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Azo- Or Azoxy-Compounds Exports

Exports from the UK

For the third consecutive year, the UK recorded decline in overseas shipments of diazo-, azo- or azoxy-compounds, which decreased by -0.3% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 66%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, azo- or azoxy-compounds exports declined rapidly to $X in 2022. Overall, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 38%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for azo- or azoxy-compounds exports from the UK, accounting for a 58% share of total exports. Moreover, azo- or azoxy-compounds exports to France exceeded the volume sent to the second major destination, Ireland (X tons), fourfold. Turkey (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+11.1% per year) and Turkey (+4.2% per year).

In value terms, France ($X) remains the key foreign market for diazo-, azo- or azoxy-compounds exports from the UK, comprising 35% of total exports. The second position in the ranking was held by Ireland ($X), with a 14% share of total exports. It was followed by Germany, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+13.2% per year) and Germany (+0.9% per year).

Export Prices by Country

The average azo- or azoxy-compounds export price stood at $X per ton in 2022, waning by -16.4% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. Over the period under review, the average export prices attained 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 Poland ($X per ton), while the average price for exports to France ($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 Poland (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports into the UK

In 2022, supplies from abroad of diazo-, azo- or azoxy-compounds increased by 74% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +106.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, azo- or azoxy-compounds imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and India (X tons) were the main suppliers of azo- or azoxy-compounds imports to the UK, together accounting for 90% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +103.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to the UK, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by India, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +74.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.0% per year) and India (+28.5% per year).

Import Prices by Country

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, waning by -30.1% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2021, and then reduced dramatically in the following year.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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