United Kingdom: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in the UK

The UK industrial fatty alcohols market rose rapidly to $X in 2021, surging by 11% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Industrial fatty alcohols consumption peaked in 2021 and is likely to see steady growth in the near future.

Industrial Fatty Alcohols Production in the UK

In value terms, industrial fatty alcohols production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Industrial Fatty Alcohols Exports

Exports from the UK

In 2021, overseas shipments of industrial fatty alcohols decreased by -43.1% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports faced a sharp curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 33%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, industrial fatty alcohols exports shrank notably to $X in 2021. Overall, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 27%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for industrial fatty alcohols exports from the UK, with a 25% share of total exports. Moreover, industrial fatty alcohols exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-34.6% per year) and Spain (-19.5% per year).

In value terms, Germany ($X), France ($X) and Israel ($X) were the largest markets for industrial fatty alcohols exported from the UK worldwide, together comprising 47% of total exports.

Israel, with a CAGR of -0.7%, 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 a decline.

Export Prices by Country

The average industrial fatty alcohols export price stood at $X per ton in 2021, rising by 3.2% against the previous year. In general, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 65%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 Japan (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Fatty Alcohols Imports

Imports into the UK

In 2021, imports of industrial fatty alcohols into the UK reduced to X tons, waning by -11% compared with 2020. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% 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 decreased by -16.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 36%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, industrial fatty alcohols imports stood at $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 60% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of industrial fatty alcohols imports to the UK, with a combined 93% share of total imports. These countries were followed by Belgium, which accounted for a further 5.4%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +55.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial fatty alcohols suppliers to the UK were Italy ($X), Germany ($X) and the Netherlands ($X), with a combined 93% share of total imports. These countries were followed by Belgium, which accounted for a further 4.6%.

In terms of the main suppliers, Belgium, with a CAGR of +49.9%, 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

In 2021, the average industrial fatty alcohols import price amounted to $X per ton, jumping by 17% against the previous year. In general, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2018 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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