United Kingdom: Peroxosulphates Market 2024

Peroxosulphates Market Size in the UK

After four years of growth, the UK peroxosulphates market decreased by -35.9% to $X in 2021. In general, consumption, however, posted a noticeable expansion. Peroxosulphates consumption peaked at $X in 2020, and then shrank sharply in the following year.

Peroxosulphates Exports

Exports from the UK

In 2021, peroxosulphates exports from the UK contracted remarkably to X tons, which is down by -59.1% on the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 149% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, peroxosulphates exports reduced dramatically to $X in 2021. In general, exports faced a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 78%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for peroxosulphates exports from the UK, with a 39% share of total exports. Moreover, peroxosulphates exports to Spain exceeded the volume sent to the second major destination, France (X tons), twofold. Ireland (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.0% per year) and Ireland (+6.2% per year).

In value terms, Spain ($X), France ($X) and Ireland ($X) constituted the largest markets for peroxosulphates exported from the UK worldwide, with a combined 54% share of total exports.

Ireland, with a CAGR of +0.2%, saw the highest growth rate of 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

In 2021, the average peroxosulphates export price amounted to $X per ton, surging by 53% against the previous year. In general, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Spain ($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 Germany (+4.7%), while the prices for the other major destinations experienced a decline.

Peroxosulphates Imports

Imports into the UK

In 2021, purchases abroad of peroxosulphates (persulphates) decreased by -49.9% to X tons for the first time since 2015, thus ending a five-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank notably in the following year.

In value terms, peroxosulphates imports dropped significantly to $X in 2021. In general, imports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2018 with an increase of 48%. Over the period under review, imports reached the maximum at $X in 2020, and then declined sharply in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of peroxosulphates to the UK, accounting for a 68% share of total imports. Moreover, peroxosulphates imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Turkey (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.0% per year) and Turkey (+1.3% per year).

In value terms, Germany ($X) constituted the largest supplier of peroxosulphates to the UK, comprising 74% of total imports. The second position in the ranking was held by India ($X), with a 9.2% share of total imports. It was followed by Turkey, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+17.9% per year) and Turkey (+4.3% per year).

Import Prices by Country

In 2021, the average peroxosulphates import price amounted to $X per ton, rising by 35% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, peroxosulphates import price increased by +88.8% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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