United Kingdom: Ethanal Market 2024

Ethanal Market Size in the UK

The UK ethanal market stood at $X in 2022, increasing by 4% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ethanal Production in the UK

In value terms, ethanal production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ethanal Exports

Exports from the UK

In 2022, exports of ethanal (acetaldehyde) from the UK expanded rapidly to X tons, with an increase of 11% against the previous year. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 58% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ethanal exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 63% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Japan (X tons) and Indonesia (X tons) were the main destinations of ethanal exports from the UK, together accounting for 45% of total exports. Brazil, Singapore, the Netherlands, Turkey, India, Mexico, Slovenia, Spain and Austria lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +77.3%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Germany ($X) and Singapore ($X) were the largest markets for ethanal exported from the UK worldwide, together comprising 53% of total exports. The Netherlands, India, Japan, Brazil, Mexico, Turkey, Austria, Spain and Slovenia lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, Austria, with a CAGR of +87.8%, 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

In 2022, the average ethanal export price amounted to $X per ton, with an increase of 17% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanal export price increased by +16.0% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Slovenia ($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 Turkey (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanal Imports

Imports into the UK

In 2022, imports of ethanal (acetaldehyde) into the UK skyrocketed to X tons, rising by 254% on the previous year. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 269%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ethanal imports skyrocketed to $X in 2022. Overall, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest ethanal supplier to the UK, accounting for a 77% share of total imports. Moreover, ethanal imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +59.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-21.6% per year) and Germany (+5.2% per year).

In value terms, China ($X) constituted the largest supplier of ethanal (acetaldehyde) to the UK, comprising 58% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by the United States, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +53.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.3% per year) and the United States (+12.6% per year).

Import Prices by Country

In 2022, the average ethanal import price amounted to $X per ton, declining by -6.7% against the previous year. Overall, the import price showed a drastic downturn. The growth pace was the most rapid in 2016 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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