United Kingdom - Isocyanates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIsocyanates Price in the UK - 2023
Contents:
- Isocyanates Price in the UK (CIF) - 2023
- Isocyanates Price in the UK (FOB) - 2023
- Isocyanates Imports in the UK
- Isocyanates Exports in the UK
Isocyanates Price in the UK (CIF) - 2023
In May 2023, the average isocyanates import price amounted to $3,342 per ton, reducing by -4.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average import price increased by 12% m-o-m. The import price peaked at $3,919 per ton in January 2023; however, from February 2023 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($4,389 per ton), while the price for Belgium ($2,448 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Isocyanates Price in the UK (FOB) - 2023
The average isocyanates export price stood at $6,594 per ton in May 2023, growing by 5.9% against the previous month. In general, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 36% against the previous month. The export price peaked at $10,888 per ton in October 2022; however, from November 2022 to May 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In May 2023, the country with the highest price was Italy ($11,032 per ton), while the average price for exports to India ($4,269 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Isocyanates Imports in the UK
In 2022, overseas purchases of isocyanates decreased by -7.4% to 28K tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 0.4% against the previous year. As a result, imports reached the peak of 36K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, isocyanates imports amounted to $104M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Isocyanates in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 36.3 | 30.0 | 24.3 | 29.3 | -6.9% |
| South Korea | 1.8 | 0.7 | 0.7 | 15.6 | 105.4% |
| China | 10.5 | 6.7 | 10.7 | 14.3 | 10.8% |
| Netherlands | 5.5 | 9.4 | 14.7 | 11.7 | 28.6% |
| Hungary | 3.2 | 2.5 | 2.8 | 11.3 | 52.3% |
| United States | 0.8 | 0.5 | 0.1 | 9.3 | 126.5% |
| France | 5.1 | 3.9 | 6.3 | 3.5 | -11.8% |
| Belgium | 8.5 | 13.6 | 25.1 | 3.5 | -25.6% |
| Spain | 6.0 | 5.1 | 11.9 | 0.8 | -48.9% |
| Others | 2.8 | 2.2 | 1.9 | 5.1 | 22.1% |
| Total | 80.5 | 74.7 | 98.4 | 104 | 8.9% |
Top Suppliers of Isocyanates to the UK in 2022:
- Germany (8.8K tons)
- South Korea (5.3K tons)
- China (3.6K tons)
- Hungary (3.6K tons)
- Netherlands (3.5K tons)
- Belgium (1.1K tons)
- United States (1.0K tons)
- France (0.4K tons)
- Spain (0.2K tons)
Isocyanates Exports in the UK
In 2022, exports of isocyanates from the UK rose slightly to 1.5K tons, growing by 1.9% compared with 2021. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 81% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, isocyanates exports surged to $11M in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 132% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Isocyanates in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 94.9 | 86.4 | 207 | 1,191 | 132.4% |
| Netherlands | 167 | 426 | 710 | 1,163 | 91.0% |
| Norway | 11.7 | 26.7 | 726 | 909 | 326.7% |
| Italy | 164 | 130 | 409 | 669 | 59.8% |
| Spain | 294 | 277 | 340 | 655 | 30.6% |
| France | 113 | 200 | 905 | 653 | 79.5% |
| Czech Republic | 249 | 181 | 262 | 639 | 36.9% |
| Poland | 27.2 | 222 | 525 | 562 | 174.4% |
| Ireland | 137 | 239 | 417 | 481 | 52.0% |
| Kenya | 68.9 | 167 | 182 | 429 | 84.0% |
| Germany | 236 | 179 | 432 | 428 | 21.9% |
| United States | 173 | 86.9 | 713 | 403 | 32.6% |
| Sweden | 116 | 157 | 169 | 163 | 12.0% |
| Others | 2,431 | 1,601 | 3,236 | 2,400 | -0.4% |
| Total | 4,284 | 3,980 | 9,234 | 10,743 | 35.9% |
Top Export Markets for Isocyanates from the UK in 2022:
- India (250.4 tons)
- France (105.5 tons)
- Netherlands (99.4 tons)
- Kenya (96.5 tons)
- Spain (89.3 tons)
- Czech Republic (87.3 tons)
- Norway (75.4 tons)
- Ireland (66.6 tons)
- Italy (65.1 tons)
- Poland (54.0 tons)
- Germany (47.5 tons)
- Sweden (42.0 tons)
- United States (41.8 tons)
This report provides an in-depth analysis of the isocyanates market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20144450 - Isocyanates
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
355
This report provides an in-depth analysis of the isocyanates market in the UK.
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This report provides an in-depth analysis of the isocyanates market in the UK.
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This report provides an in-depth analysis of the market for compounds with other nitrogen function in the UK.
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This report provides an in-depth analysis of the global isocyanates market.
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