United Kingdom: Extruded Rod Market 2022

Extruded Rod Market Size in the UK

The UK extruded rod market soared to $X in 2021, increasing by X% against the previous year. Over the period under review, consumption, however, showed a significant decline. Extruded rod consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Extruded Rod Production in the UK

In value terms, extruded rod production reached $X in 2021 estimated in export price. Overall, production saw a remarkable increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2021.

Extruded Rod Exports

Exports from the UK

In 2021, overseas shipments of extruded rods and profile shapes of cellular vulcanised rubber were finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, extruded rod exports soared to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

Sweden (X tons), Germany (X tons) and Australia (X tons) were the main destinations of extruded rod exports from the UK, together comprising X% of total exports. These countries were followed by Ireland, Poland, Chile, the United States, France, India, Slovakia, Norway, the Netherlands and Spain, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for extruded rod exported from the UK were Chile ($X), the United States ($X) and Germany ($X), together comprising X% of total exports.

Chile, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average extruded rod export price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, extruded rod export price increased by +X% against 2017 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 foreign markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to Sweden ($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 Australia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Extruded Rod Imports

Imports into the UK

In 2021, purchases abroad of extruded rods and profile shapes of cellular vulcanised rubber was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a noticeable downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, extruded rod imports surged to $X in 2021. Overall, imports, however, continue to indicate a noticeable setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest extruded rod supplier to the UK, with a X% share of total imports. Moreover, extruded rod imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Sweden (+X% per year).

In value terms, the largest extruded rod suppliers to the UK were Turkey ($X), Sweden ($X) and China ($X), together accounting for X% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +X%, recorded the highest growth rate of 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 extruded rod import price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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