United Kingdom: Organo-Inorganic Compounds Market 2024

Organo-Inorganic Compounds Market Size in the UK

The UK organo-inorganic compounds market surged to $X in 2021, growing by 59% against the previous year. Over the period under review, consumption posted a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Organo-Inorganic Compounds Production in the UK

In value terms, organo-inorganic compounds production stood at $X in 2021 estimated in export price. In general, production continues to indicate a slight decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Organo-Inorganic Compounds Exports

Exports from the UK

Organo-inorganic compounds exports from the UK fell rapidly to X tons in 2021, shrinking by -21.8% on 2020. Over the period under review, exports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2014 with an increase of 19%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, organo-inorganic compounds exports shrank slightly to $X in 2021. In general, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when exports increased by 31%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Belgium (X tons) and the United States (X tons) were the main destinations of organo-inorganic compounds exports from the UK, together accounting for 48% of total exports. Spain, the Netherlands, France, Italy, Russia, Switzerland, Thailand, Brazil, Poland and South Korea lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +25.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for organo-inorganic compounds exported from the UK were Germany ($X), Belgium ($X) and the Netherlands ($X), together accounting for 46% of total exports. These countries were followed by the United States, Switzerland, Russia, Spain, France, Italy, South Korea, Poland, Brazil and Thailand, which together accounted for a further 35%.

Among the main countries of destination, Thailand, with a CAGR of +20.9%, recorded 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 2021, the average organo-inorganic compounds export price amounted to $X per ton, rising by 22% against the previous year. In general, the export price showed a relatively flat trend pattern. 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Spain ($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 South Korea (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Organo-Inorganic Compounds Imports

Imports into the UK

In 2021, supplies from abroad of organo-inorganic compounds (excluding organo-sulphur compounds) decreased by -2.9% to X tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 18%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, organo-inorganic compounds imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 42% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of organo-inorganic compounds imports to the UK, together comprising 65% of total imports. India, the United States, France, Italy and Belgium lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the Netherlands ($X) constituted the largest organo-inorganic compounds suppliers to the UK, with a combined 63% share of total imports. These countries were followed by the United States, France, Italy, Belgium and India, which together accounted for a further 23%.

Italy, with a CAGR of +12.4%, recorded 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 organo-inorganic compounds import price stood at $X per ton in 2021, growing by 15% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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