Price for Mineral Substances Not Elsewhere Specified or Included in the UK - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in the UK (CIF) - 2023
- Price for Mineral Substances Not Elsewhere Specified or Included in the UK (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in the UK
- Exports of Mineral Substances Not Elsewhere Specified or Included in the UK
Price for Mineral Substances Not Elsewhere Specified or Included in the UK (CIF) - 2023
The average import price for mineral substances not elsewhere specified or includeds stood at $305 per ton in November 2023, shrinking by -12.7% against the previous month. In general, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in July 2023 an increase of 137% m-o-m. The import price peaked at $1,064 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was South Africa ($514 per ton), while the price for Turkey ($114 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Africa (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mineral Substances Not Elsewhere Specified or Included in the UK (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $1,142 per ton in 2022, growing by 5.5% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2015 when the average export price increased by 36% against the previous year. As a result, the export price reached the peak level of $3,019 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($3,194 per ton), while the average price for exports to Turkey ($247 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 Denmark (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in the UK
In 2022, purchases abroad of mineral substances not elsewhere specified or includeds increased by 22% to 71K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt slump.
In value terms, imports of mineral substances not elsewhere specified or includeds surged to $36M in 2022. Over the period under review, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mineral Substances Not Elsewhere Specified or Included in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.7 | 3.9 | 2.0 | 6.8 | 6.1% |
| Netherlands | 5.4 | 7.3 | 5.5 | 5.9 | 3.0% |
| South Africa | 0.6 | N/A | 0.4 | 4.6 | 97.2% |
| Germany | 2.6 | 2.5 | 2.8 | 3.9 | 14.5% |
| Belgium | 7.2 | 5.6 | 2.6 | 2.0 | -34.8% |
| Turkey | 1.9 | 3.1 | 2.6 | 1.8 | -1.8% |
| Spain | 4.1 | 0.4 | 0.3 | 1.4 | -30.1% |
| France | 1.5 | 0.6 | 1.1 | 1.2 | -7.2% |
| Italy | 0.2 | 0.3 | 0.2 | 0.7 | 51.8% |
| Finland | 0.2 | 0.3 | 0.2 | 0.7 | 51.8% |
| Kenya | N/A | 0.1 | 0.7 | 0.6 | 144.9% |
| Greece | 0.3 | N/A | N/A | 0.5 | 18.6% |
| Others | 2.5 | 2.8 | 4.2 | 5.8 | 32.4% |
| Total | 32.3 | 27.0 | 22.7 | 36.1 | 3.8% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to the UK in 2022:
- Germany (13.2K tons)
- South Africa (11.0K tons)
- Netherlands (9.2K tons)
- Turkey (7.3K tons)
- Belgium (6.0K tons)
- Italy (4.1K tons)
- Spain (3.9K tons)
- United States (2.6K tons)
- Greece (2.6K tons)
- France (1.7K tons)
- Finland (1.4K tons)
- Kenya (1.1K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in the UK
In 2022, the amount of mineral substances not elsewhere specified or includeds exported from the UK contracted notably to 11K tons, with a decrease of -17.4% against 2021. Over the period under review, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 75% against the previous year. As a result, the exports attained the peak of 13K tons, and then contracted rapidly in the following year.
In value terms, exports of mineral substances not elsewhere specified or includeds reduced to $12M in 2022. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year.
| Export of Mineral Substances Not Elsewhere Specified or Included in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,163 | 1,314 | 1,638 | 1,908 | 17.9% |
| Germany | 4,424 | 1,361 | 2,164 | 1,624 | -28.4% |
| Brazil | 1,423 | 924 | 1,586 | 1,299 | -3.0% |
| Sweden | 302 | 157 | 1,501 | 991 | 48.6% |
| China | 2,053 | 1,025 | 1,494 | 801 | -26.9% |
| Singapore | 321 | 836 | 971 | 759 | 33.2% |
| Netherlands | 3,010 | 451 | 746 | 727 | -37.7% |
| Sri Lanka | N/A | N/A | 3.7 | 542 | 14548.6% |
| Denmark | 22.6 | 45.6 | 321 | 524 | 185.2% |
| Ireland | 790 | 1,172 | 544 | 513 | -13.4% |
| Thailand | 30.0 | 15.7 | 30.6 | 349 | 126.6% |
| France | 1,090 | 130 | 220 | 258 | -38.1% |
| Turkey | 1,005 | 358 | 46.0 | 43.0 | -65.0% |
| Others | 3,796 | 1,835 | 2,997 | 2,094 | -18.0% |
| Total | 19,430 | 9,625 | 14,264 | 12,432 | -13.8% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from the UK in 2022:
- Sweden (2288.6 tons)
- Ireland (1491.2 tons)
- United States (1247.6 tons)
- Germany (762.6 tons)
- Denmark (635.2 tons)
- Sri Lanka (560.4 tons)
- France (499.1 tons)
- Brazil (406.8 tons)
- Thailand (363.0 tons)
- China (345.9 tons)
- Singapore (300.0 tons)
- Netherlands (263.0 tons)
- Turkey (174.2 tons)
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