United Kingdom: Biodiesel Market 2024

Biodiesel Market Size in the UK

The UK biodiesel market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed buoyant growth. Biodiesel consumption peaked in 2022 and is likely to see steady growth in years to come.

Biodiesel Production in the UK

In value terms, biodiesel production declined slightly to $X in 2022 estimated in export price. Overall, production faced a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Biodiesel Exports

Exports from the UK

In 2022, shipments abroad of biodiesel increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, biodiesel exports rose markedly to $X in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for biodiesel exports from the UK, with a X% share of total exports. Moreover, biodiesel exports to the Netherlands exceeded the volume sent to the second major destination, Italy (X tons), ninefold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for biodiesel exports from the UK, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Belgium (X% per year).

Export Prices by Country

The average biodiesel export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, biodiesel export price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Ireland ($X per ton) and Italy ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biodiesel Imports

Imports into the UK

In 2022, biodiesel imports into the UK surged to X tons, rising by X% on the year before. In general, imports posted a significant increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, biodiesel imports surged to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest biodiesel supplier to the UK, accounting for a X% share of total imports. Moreover, biodiesel imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Malaysia (X.0% per year).

In value terms, China ($X) constituted the largest supplier of biodiesel to the UK, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Malaysia (X.0% per year).

Import Prices by Country

In 2022, the average biodiesel import price amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate a measured increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Malaysia ($X per ton), while the price for China ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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