United Kingdom: Propellant Powders Market 2024

Propellant Powders Market Size in the UK

In 2021, the UK propellant powders market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a perceptible contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Propellant Powders Production in the UK

In value terms, propellant powders production rose notably to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 71% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Propellant Powders Exports

Exports from the UK

Propellant powders exports from the UK skyrocketed to X tons in 2021, rising by 351% compared with the year before. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2015 when exports increased by 712% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, propellant powders exports surged to $X in 2021. Over the period under review, exports, however, recorded a perceptible curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for propellant powders exports from the UK, accounting for a 58% share of total exports. Moreover, propellant powders exports to South Korea exceeded the volume sent to the second major destination, Canada (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea amounted to +238.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-20.8% per year) and Germany (-24.9% per year).

In value terms, South Korea ($X) emerged as the key foreign market for propellant powders exports from the UK, comprising 86% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 5.7% share of total exports. It was followed by Canada, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea totaled +355.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+734.0% per year) and Canada (-13.9% per year).

Export Prices by Country

The average propellant powders export price stood at $X per ton in 2021, jumping by 236% against the previous year. In general, the export price enjoyed notable growth. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Germany ($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 Taiwan (Chinese) (+151.1%), while the prices for the other major destinations experienced more modest paces of growth.

Propellant Powders Imports

Imports into the UK

For the third consecutive year, the UK recorded growth in overseas purchases of propellant powders, which increased by 101% to X tons in 2021. In general, imports saw moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, propellant powders imports soared to $X in 2021. Over the period under review, imports, however, saw a pronounced curtailment. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Switzerland (X tons) and Spain (X tons) were the main suppliers of propellant powders imports to the UK, together accounting for 43% of total imports. These countries were followed by Belgium, Finland, the United States and Italy, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +7.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), France ($X) and Belgium ($X) were the largest propellant powders suppliers to the UK, together accounting for 48% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +3.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average propellant powders import price amounted to $X per ton, with a decrease of -8.1% against the previous year. Overall, the import price recorded a abrupt decline. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Spain ($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 United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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