United Kingdom: Dolomite Market 2024

Dolomite Market Size in the UK

In 2021, the UK dolomite market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Dolomite Production in the UK

In value terms, dolomite production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decline. Dolomite production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Dolomite Exports

Exports from the UK

After two years of decline, overseas shipments of dolomite increased by 0.8% to X tons in 2021. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 101% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, dolomite exports stood at $X in 2021. Overall, exports posted prominent growth. The growth pace was the most rapid in 2014 with an increase of 130%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Oman (X tons) and Malaysia (X tons) were the main destinations of dolomite exports from the UK, together accounting for 97% 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 Oman (with a CAGR of +103.5%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for dolomite exports from the UK, comprising 66% of total exports. The second position in the ranking was taken by Oman ($X), with an 18% share of total exports. It was followed by Malaysia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Australia amounted to +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+144.4% per year) and Malaysia (+9.7% per year).

Export Prices by Country

In 2021, the average dolomite export price amounted to $X per ton, remaining stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Oman ($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 Oman (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Dolomite Imports

Imports into the UK

Dolomite imports into the UK was estimated at X tons in 2021, growing by 4.4% against the previous year. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.6% 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 increased by +6.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 90%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, dolomite imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 78%. 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

Spain (X tons), Norway (X tons) and Turkey (X tons) were the main suppliers of dolomite imports to the UK, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +17.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Norway ($X) and Turkey ($X) appeared to be the largest dolomite suppliers to the UK, together comprising 95% of total imports.

In terms of the main suppliers, Norway, with a CAGR of +15.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dolomite import price stood at $X per ton in 2021, increasing by 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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