United Kingdom: Market for Sulphides, Polysulphides, Dithionites And Sulphoxylates 2024

Market Size for Sulphides, Polysulphides, Dithionites And Sulphoxylates in the UK

The UK sulphides, dithionites and sulphoxylates market surged to $X in 2022, rising by 60% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.7% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Exports from the UK

In 2022, approx. X tons of sulphides, polysulphides, dithionites and sulphoxylates were exported from the UK; dropping by -24.1% compared with 2021 figures. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sulphides, dithionites and sulphoxylates exports shrank sharply to $X in 2022. Over the period under review, exports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 90%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the Czech Republic (X tons) and the United States (X tons) were the main destinations of sulphides, dithionites and sulphoxylates exports from the UK, with a combined 58% share of total exports. Germany, Italy, the Netherlands, Denmark, China, Switzerland, Qatar, Saudi Arabia and Bangladesh lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +42.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for sulphides, polysulphides, dithionites and sulphoxylates exports from the UK, comprising 18% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8% share of total exports. It was followed by Belgium, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.8% per year) and Belgium (-5.6% per year).

Export Prices by Country

The average sulphides, dithionites and sulphoxylates export price stood at $X per ton in 2022, with a decrease of -17.8% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 99.9%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Qatar ($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 China (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphides, Polysulphides, Dithionites And Sulphoxylates

Imports into the UK

After four years of decline, purchases abroad of sulphides, polysulphides, dithionites and sulphoxylates increased by 54% to X tons in 2022. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphides, dithionites and sulphoxylates imports surged to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of sulphides, dithionites and sulphoxylates to the UK, with a 44% share of total imports. Moreover, sulphides, dithionites and sulphoxylates imports from Belgium exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+30.3% per year) and China (+8.8% per year).

In value terms, Belgium ($X), Germany ($X) and Austria ($X) constituted the largest sulphides, dithionites and sulphoxylates suppliers to the UK, with a combined 61% share of total imports. China, France, Italy and Spain lagged somewhat behind, together accounting for a further 25%.

France, with a CAGR of +86.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sulphides, dithionites and sulphoxylates import price stood at $X per ton in 2022, increasing by 3.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 22%. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Italy ($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 (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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