United Kingdom: Roasted Iron Pyrites Market 2024

Roasted Iron Pyrites Market Size in the UK

In 2021, the UK roasted iron pyrites market increased by 140% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a perceptible downturn. Roasted iron pyrites consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Roasted Iron Pyrites Production in the UK

In value terms, roasted iron pyrites production fell slightly to $X in 2021 estimated in export price. In general, production showed a deep slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Roasted Iron Pyrites Exports

Exports from the UK

In 2021, roasted iron pyrites exports from the UK fell slightly to X tons, shrinking by -3.2% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 295%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, roasted iron pyrites exports expanded modestly to $X in 2021. Overall, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 146% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for roasted iron pyrites exports from the UK, with a 88% share of total exports. Moreover, roasted iron pyrites exports to Malaysia exceeded the volume sent to the second major destination, Ireland (X kg), more than tenfold. The United States (X kg) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-22.7% per year) and the United States (-3.3% per year).

In value terms, Ireland ($X) remains the key foreign market for roasted iron pyrites exports from the UK, comprising 84% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total exports. It was followed by the United States, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value to Ireland stood at -19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-14.6% per year) and the United States (-30.7% per year).

Export Prices by Country

The average roasted iron pyrites export price stood at $X per ton in 2021, surging by 6.5% against the previous year. Overall, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a 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 Ireland ($X per ton), while the average price for exports to Malaysia ($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 Ireland (+4.1%), while the prices for the other major destinations experienced a decline.

Roasted Iron Pyrites Imports

Imports into the UK

In 2021, after two years of decline, there was significant growth in supplies from abroad of roasted iron pyrites, when their volume increased by 414% to X tons. Over the period under review, imports, however, showed a deep setback. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, roasted iron pyrites imports surged to $X in 2021. In general, imports, however, recorded a pronounced reduction. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Italy (X tons) and China (X tons) were the main suppliers of roasted iron pyrites imports to the UK, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +8.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest roasted iron pyrites suppliers to the UK were the Netherlands ($X), Italy ($X) and China ($X), with a combined 70% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +12.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average roasted iron pyrites import price stood at $X per ton in 2021, increasing by 21% against the previous year. Over the period under review, the import price saw notable growth. The pace of growth appeared the most rapid in 2014 an increase of 119% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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