Price for Poly(Lactic Acid); in Primary Forms in the UK - 2023
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in the UK (CIF) - 2023
- Price for Poly(Lactic Acid); in Primary Forms in the UK (FOB) - 2022
- Imports of Poly(Lactic Acid); in Primary Forms in the UK
- Exports of Poly(Lactic Acid); in Primary Forms in the UK
Price for Poly(Lactic Acid); in Primary Forms in the UK (CIF) - 2023
In June 2023, the average import price for poly(lactic acid); in primary formses amounted to $3,557 per ton, surging by 12% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 18% against the previous month. As a result, import price reached the peak level of $4,147 per ton. From December 2022 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,992 per ton), while the price for Belgium ($2,340 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Poly(Lactic Acid); in Primary Forms in the UK (FOB) - 2022
The average export price for poly(lactic acid); in primary formses stood at $4,442 per ton in 2022, which is down by -2.7% against the previous year. In general, the export price saw a mild decrease. The pace of growth was the most pronounced in 2013 an increase of 254%. As a result, the export price reached the peak level of $18,195 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 the United States ($10,899 per ton), while the average price for exports to Turkey ($851 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 Switzerland (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Poly(Lactic Acid); in Primary Forms in the UK
In 2022, the amount of poly(lactic acid); in primary formses imported into the UK skyrocketed to 3K tons, jumping by 25% on the year before. The total import volume increased at an average annual rate of +5.9% from 2019 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, poly(lactic acid); in primary forms imports skyrocketed to $8.8M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Poly(Lactic Acid); in Primary Forms in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 0.3 | 5.4 | 1700.0% |
| Netherlands | 5.3 | 5.0 | 5.8 | 0.7 | -49.1% |
| Thailand | 0.1 | 0.3 | N/A | 0.7 | 91.3% |
| Ireland | N/A | N/A | N/A | 0.6 | 0% |
| Germany | 0.3 | 0.4 | 0.4 | 0.4 | 10.1% |
| Belgium | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Others | 0.8 | 0.3 | 0.7 | 0.7 | -4.4% |
| Total | 6.6 | 6.1 | 7.3 | 8.8 | 10.1% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to the UK in 2022:
- United States (1698.3 tons)
- Ireland (394.9 tons)
- Belgium (268.7 tons)
- Netherlands (238.0 tons)
- Thailand (191.4 tons)
- Germany (54.5 tons)
Exports of Poly(Lactic Acid); in Primary Forms in the UK
Poly(lactic acid); in primary forms exports from the UK surged to 84 tons in 2022, growing by 19% against the year before. Over the period under review, exports, however, saw a deep reduction.
In value terms, poly(lactic acid); in primary forms exports skyrocketed to $373K in 2022. Overall, exports, however, faced a abrupt setback.
| Export of Poly(Lactic Acid); in Primary Forms in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 68.6 | 23.0 | 131 | 146 | 28.6% |
| Netherlands | 2.0 | 1.0 | 25.5 | 96.6 | 264.2% |
| United States | 9.9 | 18.0 | 7.6 | 26.0 | 38.0% |
| Malaysia | 5.0 | N/A | N/A | 18.7 | 55.2% |
| Turkey | 17.7 | N/A | N/A | 13.5 | -8.6% |
| Hong Kong SAR | 64.0 | 13.3 | 94.2 | 10.4 | -45.4% |
| Belgium | 8.2 | 4.9 | N/A | 10.0 | 6.8% |
| Thailand | N/A | N/A | 14.4 | N/A | 0% |
| Switzerland | 316 | 124 | 3.2 | N/A | -89.9% |
| Indonesia | N/A | 8.3 | N/A | N/A | 0% |
| Others | 146 | 198 | 46.1 | 51.9 | -29.2% |
| Total | 637 | 390 | 322 | 373 | -16.3% |
Top Export Markets for Poly(Lactic Acid); in Primary Forms from the UK in 2022:
- Germany (27.6 tons)
- Netherlands (22.0 tons)
- Turkey (15.8 tons)
- Malaysia (6.5 tons)
- Belgium (3.8 tons)
- Hong Kong SAR (3.1 tons)
- United States (2.4 tons)
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