United Kingdom: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in the UK

In 2022, the UK polypropylene in primary forms market increased by 15% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a pronounced shrinkage. Polypropylene in primary forms consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Polypropylene in Primary Forms in the UK

In value terms, polypropylene in primary forms production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 when the production volume increased by 12%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Polypropylene in Primary Forms

Exports from the UK

After two years of growth, shipments abroad of polypropylene in primary forms decreased by -14.8% to X tons in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 16%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports reduced to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 43%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of polypropylene in primary forms exports from the UK, with a combined 54% share of total exports. France, Ireland, Italy, Sweden, Malaysia, Spain, Switzerland, Turkey and Denmark lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +18.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) constituted the largest markets for polypropylene in primary forms exported from the UK worldwide, with a combined 52% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +10.4%, 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

The average polypropylene in primary forms export price stood at $X per ton in 2022, surging by 4.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 37%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Ireland ($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 Turkey (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into the UK

In 2022, purchases abroad of polypropylene in primary forms decreased by -3.3% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, polypropylene in primary forms imports rose modestly to $X in 2022. Overall, imports recorded a noticeable descent. The pace of growth was the most pronounced in 2017 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of polypropylene in primary forms to the UK, accounting for a 24% share of total imports. Moreover, polypropylene in primary forms imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.9% per year) and Saudi Arabia (-4.5% per year).

In value terms, Germany ($X) constituted the largest supplier of polypropylene in primary forms to the UK, comprising 26% of total imports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total imports. It was followed by Israel, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.5% per year) and Israel (+0.9% per year).

Import Prices by Country

In 2022, the average polypropylene in primary forms import price amounted to $X per ton, picking up by 5.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 37%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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