United Kingdom - Methanal (Formaldehyde) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFormaldehyde Price in the UK - 2023
Contents:
- Formaldehyde Price in the UK (FOB) - 2023
- Formaldehyde Price in the UK (CIF) - 2023
- Formaldehyde Exports in the UK
- Formaldehyde Imports in the UK
Formaldehyde Price in the UK (FOB) - 2023
In August 2023, the average formaldehyde export price amounted to $1,424 per ton, surging by 82% against the previous month. Over the period under review, export price indicated a moderate expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, formaldehyde export price increased by +81.6% against July 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was France ($2,094 per ton), while the average price for exports to Denmark ($578 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Formaldehyde Price in the UK (CIF) - 2023
The average formaldehyde import price stood at $610 per ton in August 2023, picking up by 24% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 49% against the previous month. The import price peaked at $623 per ton in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($2,148 per ton), while the price for Belgium stood at $361 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Ireland (+3.2%), while the prices for the other major suppliers experienced a decline.
Formaldehyde Exports in the UK
In 2022, shipments abroad of formaldehyde decreased by -3.1% to 4.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of 1.6%. As a result, the exports reached the peak of 5.5K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, formaldehyde exports declined to $4.1M in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 30%. As a result, the exports reached the peak of $4.2M, and then dropped in the following year.
Export of Formaldehyde in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 963 | 1,038 | 1,195 | 1,100 | 4.5% |
Germany | 430 | 289 | 784 | 662 | 15.5% |
Ireland | 566 | 683 | 1,117 | 594 | 1.6% |
Saudi Arabia | N/A | 16.8 | 3.3 | 295 | 319.0% |
France | 405 | 543 | 437 | 249 | -15.0% |
Denmark | 80.3 | 107 | 110 | 212 | 38.2% |
Greece | 126 | 1.1 | 20.8 | 37.6 | -33.2% |
Others | 955 | 528 | 491 | 934 | -0.7% |
Total | 3,526 | 3,207 | 4,158 | 4,084 | 5.0% |
Top Export Markets for Formaldehyde from the UK in 2022:
- Italy (1716.6 tons)
- Germany (1282.0 tons)
- Ireland (560.3 tons)
- Denmark (368.6 tons)
- France (151.6 tons)
- Saudi Arabia (96.0 tons)
- Greece (44.4 tons)
Formaldehyde Imports in the UK
In 2022, the amount of formaldehyde imported into the UK skyrocketed to 6.9K tons, rising by 226% compared with 2021. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 260% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, formaldehyde imports skyrocketed to $2.7M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Formaldehyde in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 26.7 | 119 | 259 | 1,244 | 259.8% |
Ireland | 385 | 51.9 | 412 | 1,212 | 46.6% |
Others | 250 | 430 | 352 | 231 | -2.6% |
Total | 662 | 601 | 1,023 | 2,686 | 59.5% |
Top Suppliers of Formaldehyde to the UK in 2022:
- Ireland (3.8K tons)
- Belgium (3.0K tons)
This report provides an in-depth analysis of the formaldehyde 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 20146111 - Methanal (formaldehyde)
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
This report provides an in-depth analysis of the formaldehyde market in the UK.
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This report provides an in-depth analysis of the global formaldehyde market.
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This report provides an in-depth analysis of the global aldehydes cyclic polymers market.
The growth rate of Formaldehyde exports reached its peak in September 2023, with a remarkable increase of 77% compared to the previous month. In terms of value, exports of Formaldehyde experienced a moderate rise, amounting to $241K in November 2023.
In April 2023, the ethanal price was $29,660 per ton (FOB, United Kingdom), which remained stable compared to the previous month.
In value terms, aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
In value terms, halogenated, sulphonated, nitrated aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ...
In value terms, aldehydes exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern indicated...
In value terms, halogenated, sulphonated, nitrated aldehydes exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the tr...
The growth rate of Formaldehyde exports reached its peak in September 2023, with a remarkable increase of 77% compared to the previous month. In terms of value, exports of Formaldehyde experienced a moderate rise, amounting to $241K in November 2023.
In April 2023, the ethanal price was $29,660 per ton (FOB, United Kingdom), which remained stable compared to the previous month.
In value terms, aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
In value terms, halogenated, sulphonated, nitrated aldehydes imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ...