United Kingdom: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in the UK

In 2021, the UK market for liquid or compressed air and distilled or conductivity water was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a perceptible setback. Liquid air and distilled water consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in the UK

In value terms, liquid air and distilled water production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 120%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from the UK

After three years of growth, overseas shipments of liquid or compressed air and distilled or conductivity water decreased by -1% to X tons in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 +39.8% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 72% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, liquid air and distilled water exports reduced dramatically to $X in 2021. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 85%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Ireland (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of liquid air and distilled water exports from the UK, together accounting for 74% of total exports. These countries were followed by the United States, Germany, France, Sweden and Russia, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +33.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for liquid or compressed air and distilled or conductivity water exports from the UK, comprising 39% of total exports. The second position in the ranking was held by Ireland ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+16.0% per year) and the Netherlands (+16.0% per year).

Export Prices by Country

The average export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, which is down by -26.1% against the previous year. In general, the export price, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Ireland ($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 Russia (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into the UK

In 2021, the amount of liquid or compressed air and distilled or conductivity water imported into the UK soared to X tons, growing by 242% compared with 2020. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquid air and distilled water imports surged to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest liquid air and distilled water supplier to the UK, with a 82% share of total imports. Moreover, liquid air and distilled water imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.1% per year) and Belgium (-16.1% per year).

In value terms, Germany ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to the UK, comprising 70% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by China, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.9% per year) and China (+40.6% per year).

Import Prices by Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, waning by -19.6% against the previous year. In general, the import price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2016 an increase of 74% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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