United Kingdom: Propene Market 2024

Propene Market Size in the UK

The UK propene market rose remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, saw a deep contraction. Propene consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Propene Production in the UK

In value terms, propene production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of X%. Propene production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Propene Exports

Exports from the UK

In 2022, overseas shipments of propene (propylene) decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, propene exports reduced dramatically to $X in 2022. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

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

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

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

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

Export Prices by Country

In 2022, the average propene export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 France (X%), while the prices for the other major destinations experienced a decline.

Propene Imports

Imports into the UK

In 2022, imports of propene (propylene) into the UK shrank modestly to X tons, leveling off at the previous year's figure. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, propene imports soared to $X in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Portugal (X tons) and Lithuania (X tons) were the main suppliers of propene imports to the UK, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Spain ($X) constituted the largest supplier of propene (propylene) to the UK, comprising X% of total imports. The second position in the ranking was taken by Portugal ($X), with a X% share of total imports. It was followed by Lithuania, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Lithuania (X% per year).

Import Prices by Country

The average propene import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a temperate expansion 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, propene import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and Portugal ($X per ton), while the price for the Netherlands ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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