United Kingdom: Dichloromethane Market 2024

Dichloromethane Market Size in the UK

In 2021, after two years of decline, there was significant growth in the UK dichloromethane market, when its value increased by 20% to $X. Over the period under review, consumption, however, showed a precipitous decrease. Dichloromethane consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Dichloromethane Production in the UK

In value terms, dichloromethane production fell to $X in 2021 estimated in export price. Overall, production faced a precipitous setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 1.1% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Dichloromethane Exports

Exports from the UK

After three years of growth, overseas shipments of dichloromethane (methylene chloride) decreased by -49.3% to X tons in 2021. In general, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, dichloromethane exports shrank to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2018 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2019 when exports increased by 19%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons), Cote d'Ivoire (X tons) and India (X tons) were the main destinations of dichloromethane exports from the UK, with a combined 25% share of total exports. South Korea, Mexico, Tanzania, Ireland, Peru, the Netherlands, Angola, Saudi Arabia, Algeria and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 42%.

From 2018 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +123.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for dichloromethane exported from the UK were Ireland ($X), Cote d'Ivoire ($X) and Spain ($X), with a combined 19% share of total exports. These countries were followed by the Netherlands, Angola, India, South Korea, Mexico, Tanzania, Peru, Saudi Arabia, Algeria and Taiwan (Chinese), which together accounted for a further 40%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +189.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dichloromethane export price stood at $X per ton in 2021, rising by 87% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Ireland ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2018 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Dichloromethane Imports

Imports into the UK

In 2021, imports of dichloromethane (methylene chloride) into the UK was estimated at X tons, with an increase of 2.8% against the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 807%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, dichloromethane imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 926% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest dichloromethane supplier to the UK, accounting for a 67% share of total imports. Moreover, dichloromethane imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. France (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+33.6% per year) and France (+46.6% per year).

In value terms, Germany ($X) constituted the largest supplier of dichloromethane (methylene chloride) to the UK, comprising 64% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+35.2% per year) and the United States (+35.2% per year).

Import Prices by Country

The average dichloromethane import price stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 13%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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