United Kingdom: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in the UK

After four years of growth, the UK complex fluorine salts market decreased by -6.6% to $X in 2021. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +41.9% against 2015 indices. As a result, consumption reached the peak level of $X, and then declined in the following year.

Complex Fluorine Salts Production in the UK

In value terms, complex fluorine salts production shrank dramatically to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60%. As a result, production attained the peak level of $X, and then shrank sharply in the following year.

Complex Fluorine Salts Exports

Exports from the UK

In 2021, shipments abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts decreased by -27.6% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 26%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, complex fluorine salts exports shrank to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for complex fluorine salts exports from the UK, with a 43% share of total exports. Moreover, complex fluorine salts exports to Italy exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+9.6% per year) and Germany (-11.9% per year).

In value terms, Italy ($X) remains the key foreign market for fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exports from the UK, comprising 24% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by France, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.9% per year) and France (-3.2% per year).

Export Prices by Country

The average complex fluorine salts export price stood at $X per ton in 2021, surging by 21% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, complex fluorine salts export price increased by +77.1% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into the UK

Complex fluorine salts imports into the UK soared to X tons in 2021, with an increase of 47% compared with 2020 figures. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.2% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, complex fluorine salts imports surged to $X in 2021. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), South Korea (X tons) and Ireland (X tons) were the main suppliers of complex fluorine salts imports to the UK, together accounting for 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +175.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest complex fluorine salts suppliers to the UK were China ($X), Japan ($X) and Ireland ($X), together accounting for 84% of total imports.

In terms of the main suppliers, Ireland, with a CAGR of +124.2%, 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 complex fluorine salts import price stood at $X per ton in 2021, picking up by 16% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2017 when the average import price increased by 51%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+50.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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