United Kingdom: Extruded Rod Market 2024

Extruded Rod Market Size in the UK

The UK extruded rod market reduced to $X in 2022, approximately reflecting the previous year. Overall, consumption showed a drastic downturn. Extruded rod consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Extruded Rod Production in the UK

In value terms, extruded rod production contracted to $X in 2022 estimated in export price. Overall, production, however, posted strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Extruded Rod Exports

Exports from the UK

In 2022, the amount of extruded rods and profile shapes of cellular vulcanised rubber exported from the UK expanded remarkably to X tons, picking up by X% on 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, extruded rod exports totaled $X in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Australia (X tons) and the United States (X tons) were the main destinations of extruded rod exports from the UK, with a combined X% share of total exports.

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

In value terms, the United States ($X), Germany ($X) and Chile ($X) constituted the largest markets for extruded rod exported from the UK worldwide, together accounting for X% of total exports.

Chile, with a CAGR of 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

The average extruded rod export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated notable 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, extruded rod export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

Extruded Rod Imports

Imports into the UK

In 2022, approx. X tons of extruded rods and profile shapes of cellular vulcanised rubber were imported into the UK; falling by X% against 2021 figures. Overall, imports, however, enjoyed a slight expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, extruded rod imports rose remarkably to $X in 2022. Over the period under review, imports saw a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest extruded rod supplier to the UK, accounting for a X% share of total imports. Moreover, extruded rod imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, the largest extruded rod suppliers to the UK were the United States ($X), China ($X) and Germany ($X), together accounting for X% of total imports. Poland, India, Sweden, France, Turkey, Italy, Thailand and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average extruded rod import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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