United Kingdom: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in the UK

The UK reaction initiators and accelerators market totaled $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed significant growth. Reaction initiators and accelerators consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in the UK

In value terms, reaction initiators and accelerators production shrank to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 6.7%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from the UK

Reaction initiators and accelerators exports from the UK soared to X tons in 2022, with an increase of 17% against 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports shrank dramatically to $X in 2022. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 37%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for reaction initiators and accelerators exports from the UK, accounting for a 50% share of total exports. Moreover, reaction initiators and accelerators exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.0% per year) and Germany (-13.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from the UK, comprising 22% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by the United States, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-18.6% per year) and the United States (+0.9% per year).

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, dropping by -28.8% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 20%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 France (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into the UK

Reaction initiators and accelerators imports into the UK dropped to X tons in 2022, shrinking by -4.6% against the previous year. Overall, imports saw a slight setback. The pace of growth was the most pronounced in 2017 when imports increased by 27% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, reaction initiators and accelerators imports skyrocketed to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of reaction initiators and accelerators to the UK, accounting for a 59% share of total imports. Moreover, reaction initiators and accelerators imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.9% per year) and the Netherlands (-8.1% per year).

In value terms, Germany ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to the UK, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by North Macedonia, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.4% per year) and North Macedonia (+164.5% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, rising by 42% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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