United Kingdom: Other Chemical Products Market 2024

Other Chemical Products Market Size in the UK

The UK other chemical products market fell slightly to $X in 2022, waning by -2.1% against the previous year. Over the period under review, consumption recorded a perceptible curtailment. Other chemical products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in the UK

In value terms, other chemical products production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable setback. The growth pace was the most rapid in 2018 when the production volume increased by 12% against the previous year. Other chemical products production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Other Chemical Products Exports

Exports from the UK

In 2016, the amount of other chemical products exported from the UK rose modestly to X tons, increasing by 2% against 2015 figures. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by 11% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2016, the growth of the exports remained at a somewhat lower figure.

In value terms, other chemical products exports reached $X in 2016. The total export value increased at an average annual rate of +2.4% from 2012 to 2016; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 25% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for other chemical products exports from the UK, with a 15% share of total exports. Moreover, other chemical products exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Germany stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.2% per year) and Belgium (-2.1% per year).

In value terms, the largest markets for other chemical products exported from the UK were Germany ($X), the United States ($X) and France ($X), together accounting for 27% of total exports. The Netherlands, Italy, Belgium, Ireland, China, Sweden, Norway, Poland, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together accounting for a further 33%.

Sweden, with a CAGR of +11.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2016, shrinking by -1.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2016, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into the UK

In 2016, the amount of other chemical products imported into the UK shrank rapidly to X tons, dropping by -21.4% on the year before. In general, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2015 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2016, imports failed to regain momentum.

In value terms, other chemical products imports reduced notably to $X in 2016. Overall, imports showed a deep setback. The smallest decline of -2.6% was in 2014. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2016, imports remained at a lower figure.

Imports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of other chemical products imports to the UK, together accounting for 66% of total imports. China, the United States, Belgium, Norway, Italy and Ireland lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +113.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other chemical products suppliers to the UK were Germany ($X), France ($X) and the Netherlands ($X), with a combined 53% share of total imports. China, the United States, Belgium, Italy, Norway and Ireland lagged somewhat behind, together comprising a further 33%.

Norway, with a CAGR of +86.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2016, the average other chemical products import price amounted to $X per ton, growing by 2.6% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2015 to 2016, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by the United States (+18.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :