United Kingdom: Carbonate Market Overview 2021

Carbonate Market Size in the UK

The UK carbonate market dropped to $X in 2020, which is down by -X% against the previous year. Over the period under review, consumption, however, recorded a slight increase. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Carbonate Production in the UK

In value terms, carbonate production shrank slightly to $X in 2020 estimated in export prices. Over the period under review, production showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Carbonate Exports

Exports from the UK

For the third year in a row, the UK recorded decline in shipments abroad of carbonates and peroxocarbonates, which decreased by -X% to X tonnes in 2020. Overall, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, carbonate exports reduced to $X in 2020. Over the period under review, exports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Belgium (X tonnes), Sweden (X tonnes) and Germany (X tonnes) were the main destinations of carbonate exports from the UK, together comprising X% of total exports. France, Ireland, the U.S., the Netherlands, Slovakia, Italy, Poland, Thailand, Spain and China lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Slovakia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Belgium ($X) were the largest markets for carbonate exported from the UK worldwide, together comprising X% of total exports. Sweden, France, Ireland, Slovakia, the Netherlands, Italy, Poland, China, Spain and Thailand lagged somewhat behind, together accounting for a further X saw the highest growth rate of the value of exports, in terms of 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 carbonate export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Sweden ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into the UK

In 2020, imports of carbonates and peroxocarbonates into the UK fell to X tonnes, which is down by -X% compared with 2019. Over the period under review, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, carbonate imports fell to $X in 2020. In general, imports, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Turkey (X tonnes) constituted the largest carbonate supplier to the UK, with a X% share of total imports. Moreover, carbonate imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), fivefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Turkey totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Germany (+X% per year).

In value terms, Turkey ($X) constituted the largest supplier of carbonate to the UK, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2020, the average carbonate import price amounted to $X per tonne, with an increase of X% against the previous year. Overall, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carbonates and peroxocarbonates in the world?

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China (13M tonnes) constituted the country with the largest volume of carbonate consumption, comprising approx. 22% of total volume. Moreover, carbonate consumption in China exceeded the figures recorded by the second-largest consumer, India (5.2M tonnes), threefold. The third position in this ranking was occupied by the U.S. (5.1M tonnes), with a 8.3% share.

What are the largest producers of carbonates and peroxocarbonates in the world?

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The countries with the highest volumes of carbonate production in 2020 were China (15M tonnes), the U.S. (11M tonnes) and Turkey (4.8M tonnes), together comprising 52% of global production.

What are the leading suppliers of carbonates and peroxocarbonates to the UK?

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In value terms, Turkey ($58M) constituted the largest supplier of carbonate to the UK, comprising 38% of total imports. The second position in the ranking was occupied by Germany ($22M), with a 14% share of total imports. It was followed by Spain, with a 9.2% share.

What are the leading importers of carbonates and peroxocarbonates from the UK?

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In value terms, the U.S. ($13M), Germany ($9.2M) and Belgium ($8.9M) appeared to be the largest markets for carbonate exported from the UK worldwide, together accounting for 33% of total exports. Sweden, France, Ireland, Slovakia, the Netherlands, Italy, Poland, China, Spain and Thailand lagged somewhat behind, together comprising a further 43%.

What is the average export price for carbonates and peroxocarbonates in the UK?

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The average carbonate export price stood at $652 per tonne in 2020, surging by 2.4% against the previous year.

What is the average import price for carbonates and peroxocarbonates in the UK?

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In 2020, the average carbonate import price amounted to $363 per tonne, growing by 5.7% against the previous year.