United Kingdom: Photographic Paper Market 2024

Photographic Paper Market Size in the UK

The UK photographic paper market declined remarkably to $X in 2021, shrinking by -26.1% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Photographic paper consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Photographic Paper Production in the UK

In value terms, photographic paper production dropped sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic downturn. The growth pace was the most rapid in 2018 with an increase of 65%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Photographic Paper Exports

Exports from the UK

In 2021, shipments abroad of photographic paper, paperboard and textiles was finally on the rise to reach X square meters after eight years of decline. Overall, exports, however, saw a sharp setback. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, photographic paper exports amounted to $X in 2021. In general, exports, however, continue to indicate a precipitous decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X square meters) was the main destination for photographic paper exports from the UK, accounting for a 44% share of total exports. Moreover, photographic paper exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Belgium (X square meters), fourfold. The third position in this ranking was held by Norway (X square meters), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) stood at +52.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-14.6% per year) and Norway (-14.6% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for photographic paper, paperboard and textiles exports from the UK, comprising 57% of total exports. The second position in the ranking was held by Belgium ($X), with a 9.4% share of total exports. It was followed by the United States, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +53.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-10.2% per year) and the United States (-36.8% per year).

Export Prices by Country

The average photographic paper export price stood at $X per square meter in 2021, with a decrease of -10.8% against the previous year. Overall, the export price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 89% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per square meter), while the average price for exports to Norway ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Photographic Paper Imports

Imports into the UK

For the sixth consecutive year, the UK recorded decline in supplies from abroad of photographic paper, paperboard and textiles, which decreased by -3.4% to X square meters in 2021. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 10%. Over the period under review, imports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, photographic paper imports fell to $X in 2021. Over the period under review, imports recorded a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X square meters) constituted the largest photographic paper supplier to the UK, with a 65% share of total imports. Moreover, photographic paper imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X square meters), threefold. The third position in this ranking was held by China (X square meters), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at -19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.1% per year) and China (+6.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of photographic paper, paperboard and textiles to the UK, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by the United States, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and the United States (+16.0% per year).

Import Prices by Country

The average photographic paper import price stood at $X per square meter in 2021, picking up by 1.6% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, photographic paper import price increased by +85.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

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 France ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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