United Kingdom: Carbonate Market Overview 2021

Carbonate Market Size in the UK

The UK carbonate market rose markedly to $X in 2020, growing by X% against the previous year. Overall, consumption saw a noticeable increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Carbonate Production in the UK

In value terms, carbonate production declined slightly to $X in 2020 estimated in export prices. In general, production continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% y-o-y. 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

In 2020, approx. X tonnes of carbonates and peroxocarbonates were exported from the UK; waning by -X% against 2019 figures. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, carbonate exports contracted notably to $X in 2020. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2009 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Germany (X tonnes), Belgium (X tonnes) and the U.S. (X tonnes) were the main destinations of carbonate exports from the UK, with a combined X% share of total exports. France, Italy, Poland, Ireland, the Netherlands, Spain, China, Turkey, Switzerland and Sweden lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carbonate exported from the UK were the U.S. ($X), Germany ($X) and Belgium ($X), together comprising X% of total exports. France, Italy, Poland, the Netherlands, China, Turkey, Switzerland, Ireland, Spain and Sweden lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to 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

In 2020, the average carbonate export price amounted to $X per tonne, surging by X% against the previous year. Overall, export price indicated a notable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Ireland ($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 Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into the UK

In 2020, the amount of carbonates and peroxocarbonates imported into the UK fell to X tonnes, waning by -X% on the year before. In general, imports, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, carbonate imports contracted modestly to $X in 2020. Overall, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Turkey (X tonnes) constituted the largest supplier of carbonate 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. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms 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 rate of growth in terms 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, almost unchanged from the previous year. Overall, the import price, however, saw a slight decline. The growth pace was the most rapid in 2010 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2011 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; 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 China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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China (14M tonnes) constituted the country with the largest volume of carbonate consumption, accounting for 24% of total volume. Moreover, carbonate consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (6.3M tonnes), twofold. The third position in this ranking was occupied by India (3.5M tonnes), with a 5.8% 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 (16M tonnes), the U.S. (12M tonnes) and Turkey (4M tonnes), with a combined 55% share 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. ($11M), Germany ($7.4M) and Belgium ($5.5M) were the largest markets for carbonate exported from the UK worldwide, together accounting for 44% of total exports. France, Italy, Poland, the Netherlands, China, Turkey, Switzerland, Ireland, Spain and Sweden lagged somewhat behind, together accounting for a further 33%.

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

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In 2020, the average carbonate export price amounted to $843 per tonne, with an increase of 29% 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 $360 per tonne, leveling off at the previous year.