United Kingdom: Ethanal Market 2024

Ethanal Market Size in the UK

In 2022, the UK ethanal market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Ethanal Production in the UK

In value terms, ethanal production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Ethanal Exports

Exports from the UK

For the third year in a row, the UK recorded growth in overseas shipments of ethanal (acetaldehyde), which increased by X% to X tons in 2022. Overall, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ethanal exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Japan (X tons) and Indonesia (X tons) were the main destinations of ethanal exports from the UK, together comprising X% of total exports. Brazil, Singapore, the Netherlands, Turkey, India, Mexico, Slovenia, Spain and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Germany ($X) and Singapore ($X) were the largest markets for ethanal exported from the UK worldwide, together accounting for X% of total exports. The Netherlands, India, Japan, Brazil, Mexico, Turkey, Austria, Spain and Slovenia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Austria, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ethanal export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, export price indicated a resilient increase 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, ethanal export price increased by X% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Slovenia ($X 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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanal Imports

Imports into the UK

Ethanal imports into the UK surged to X tons in 2022, with an increase of X% against the previous year. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, ethanal imports skyrocketed to $X in 2022. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest ethanal supplier to the UK, accounting for a X% share of total imports. Moreover, ethanal imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The third position in this ranking was taken by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of ethanal (acetaldehyde) to the UK, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average ethanal import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform