United Kingdom: Lysine Market 2024

Lysine Market Size in the UK

The UK lysine market totaled $X in 2022, growing by 7.1% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.1% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Lysine Production in the UK

In value terms, lysine production expanded to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 110%. Lysine production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Lysine Exports

Exports from the UK

In 2022, approx. X tons of lysine and its esters, and salts thereof were exported from the UK; falling by -58.3% against the previous year. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, lysine exports fell to $X in 2022. In general, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 when exports increased by 42%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for lysine exports from the UK, with a 35% share of total exports. Moreover, lysine exports to the Netherlands exceeded the volume sent to the second major destination, Norway (X tons), fourfold. Ireland (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+177.0% per year) and Ireland (-30.6% per year).

In value terms, the Netherlands ($X), China ($X) and the United Arab Emirates ($X) appeared to be the largest markets for lysine exported from the UK worldwide, with a combined 48% share of total exports. Norway, Germany, Ireland and France lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Norway, with a CAGR of +105.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lysine export price amounted to $X per ton, jumping by 105% against the previous year. In general, the export price recorded pronounced growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Lysine Imports

Imports into the UK

In 2022, purchases abroad of lysine and its esters, and salts thereof was finally on the rise to reach X tons after three years of decline. In general, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.2% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 30% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, lysine imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest lysine supplier to the UK, accounting for a 39% share of total imports. Moreover, lysine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. France (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.3% per year) and France (+6.0% per year).

In value terms, the largest lysine suppliers to the UK were China ($X), Germany ($X) and the United States ($X), together accounting for 72% of total imports.

China, with a CAGR of +22.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, rising by 10% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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