United Kingdom: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in the UK

In 2021, the UK ferro-cerium and pyrophoric alloys market increased by 2% to $X, rising for the fourth year in a row after four years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +32.8% against 2017 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in the UK

In value terms, ferro-cerium and pyrophoric alloys production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 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 2018 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from the UK

Ferro-cerium and pyrophoric alloys exports from the UK shrank to X tons in 2021, reducing by -8.8% compared with 2020 figures. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 12%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports reduced slightly to $X in 2021. In general, exports saw a noticeable downturn. The growth pace was the most rapid in 2013 with an increase of 27% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from the UK, together comprising 50% of total exports. Portugal, Australia, Saudi Arabia, France, Spain, Austria, Ireland, New Zealand, Poland and Greece lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +12.0%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for ferro-cerium and pyrophoric alloys exports from the UK, comprising 21% of total exports. The second position in the ranking was taken by Portugal ($X), with a 9.7% share of total exports. It was followed by the Netherlands, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+6.3% per year) and the Netherlands (+1.8% per year).

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, surging by 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2019 an increase of 29%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Saudi Arabia ($X per ton), while the average price for exports to the Netherlands ($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 Spain (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into the UK

In 2021, purchases abroad of ferro-cerium and pyrophoric alloys increased by 10% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 82%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys imports declined markedly to $X in 2021. Overall, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 103%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest ferro-cerium and pyrophoric alloys supplier to the UK, with a 67% share of total imports. Moreover, ferro-cerium and pyrophoric alloys imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-13.8% per year) and the United States (+14.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to the UK, comprising 53% of total imports. The second position in the ranking was held by Ireland ($X), with a 23% share of total imports. It was followed by the United States, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-14.0% per year) and the United States (-16.8% per year).

Import Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys import price amounted to $X per ton, shrinking by -39.1% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of 31%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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