United Kingdom: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in the UK

For the fifth year in a row, the UK unsaturated acyclic hydrocarbons market recorded growth in sales value, which increased by 1.2% to $X in 2021. Overall, consumption posted a buoyant expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Unsaturated Acyclic Hydrocarbons Production in the UK

In value terms, unsaturated acyclic hydrocarbons production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Exports

Exports from the UK

In 2021, shipments abroad of unsaturated acyclic hydrocarbons was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a dramatic contraction. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons exports surged to $X in 2021. In general, exports, however, saw a precipitous curtailment. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from the UK, with a 36% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to the Netherlands exceeded the volume sent to the second major destination, Ireland (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at -26.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+1.3% per year) and the United States (-0.7% per year).

In value terms, the largest markets for unsaturated acyclic hydrocarbons exported from the UK were the United States ($X), India ($X) and Germany ($X), with a combined 36% share of total exports. These countries were followed by Mexico, Ireland, Switzerland, the Netherlands, France, Spain, Ethiopia, Belgium and South Korea, which together accounted for a further 41%.

Mexico, with a CAGR of +57.9%, recorded 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 unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, with a decrease of -4.8% against the previous year. In general, the export price, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 246% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to South Korea ($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 Belgium (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Acyclic Hydrocarbons Imports

Imports into the UK

In 2021, purchases abroad of unsaturated acyclic hydrocarbons increased by 45% to X tons, rising for the second year in a row after four years of decline. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.6% against 2019 indices. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Portugal (X tons) and Russia (X tons) were the main suppliers of unsaturated acyclic hydrocarbons imports to the UK, together accounting for 77% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +1,257.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unsaturated acyclic hydrocarbons suppliers to the UK were Portugal ($X), Belgium ($X) and Russia ($X), with a combined 72% share of total imports.

Portugal, with a CAGR of +1,098.8%, saw 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

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, growing by 22% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2018 when the average import price increased by 58%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for the United States ($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 Netherlands (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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