United Kingdom: Globe Market 2022

Globe Market Size in the UK

In 2021, the UK globe market decreased by -X% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Globe Exports

Exports from the UK

For the third year in a row, the UK recorded growth in shipments abroad of globes, which increased by X% to X tons in 2021. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, globe exports soared to $X in 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for globe exports from the UK, accounting for a X% share of total exports. Moreover, globe exports to China exceeded the volume sent to the second major destination, France (X tons), sixfold. The third position in this ranking was held by the United States (X tons), with less than X% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and the United States (+X% per year).

In value terms, China ($X) emerged as the key foreign market for globe exports from the UK, comprising X% of total exports. The second position in the ranking was held by France ($X), with less than X% share of total exports. It was followed by Italy, with less than X% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Italy (+X% per year).

Export Prices by Country

The average globe export price stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the export price recorded a notable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

Globe Imports

Imports into the UK

Globe imports into the UK soared to X tons in 2021, growing by X% against the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume 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, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, globe imports expanded rapidly to $X in 2021. Overall, total imports indicated a remarkable 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, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest globe supplier to the UK, with a X% share of total imports. Moreover, globe imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), 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: India (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, China ($X) constituted the largest supplier of globe to the UK, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2021, the average globe import price amounted to $X per ton, declining by -X% against the previous year. Overall, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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