United Kingdom - Propylene Glycol (Propane-1,2-Diol) - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPropylene Glycol Price in the UK - 2023
Contents:
- Propylene Glycol Price in the UK (CIF) - 2023
- Propylene Glycol Price in the UK (FOB) - 2022
- Propylene Glycol Imports in the UK
- Propylene Glycol Exports in the UK
Propylene Glycol Price in the UK (CIF) - 2023
The average propylene glycol import price stood at $1,419 per ton in August 2023, waning by -11.1% against the previous month. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 49% m-o-m. The import price peaked at $2,849 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from France ($1,556 per ton) and Germany ($1,515 per ton), while the price for the Netherlands ($1,210 per ton) and China ($1,466 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (-1.2%), while the prices for the other major suppliers experienced a decline.
Propylene Glycol Price in the UK (FOB) - 2022
The average propylene glycol export price stood at $3,650 per ton in 2022, rising by 15% against the previous year. In general, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 87% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($8,697 per ton), while the average price for exports to Sweden ($2,227 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 Austria (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Propylene Glycol Imports in the UK
Propylene glycol imports into the UK dropped to 34K tons in 2022, reducing by -14.8% compared with the previous year's figure. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 6.5% against the previous year.
In value terms, propylene glycol imports expanded sharply to $91M in 2022. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 75%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Propylene Glycol in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 24.9 | 20.8 | 36.2 | 48.6 | 25.0% |
| Netherlands | 12.4 | 9.3 | 17.6 | 10.1 | -6.6% |
| France | 5.6 | 0.8 | 0.7 | 9.3 | 18.4% |
| China | 1.4 | 0.1 | 0.7 | 7.8 | 77.3% |
| South Korea | 2.3 | 2.1 | 4.7 | 6.1 | 38.4% |
| Belgium | 6.4 | 4.2 | 7.0 | 2.4 | -27.9% |
| Spain | 2.3 | 3.2 | 6.9 | 2.4 | 1.4% |
| Ireland | 3.7 | 4.4 | 5.3 | 1.0 | -35.3% |
| Others | 0.8 | 1.0 | 1.0 | 3.4 | 62.0% |
| Total | 59.9 | 45.9 | 80.1 | 91.1 | 15.0% |
Top Suppliers of Propylene Glycol to the UK in 2022:
- Germany (16.5K tons)
- Netherlands (4.2K tons)
- France (3.9K tons)
- China (3.8K tons)
- South Korea (2.7K tons)
- Spain (0.8K tons)
- Belgium (0.7K tons)
- Ireland (0.6K tons)
Propylene Glycol Exports in the UK
In 2022, approx. 1.8K tons of propylene glycol (propane-1,2-diol) were exported from the UK; picking up by 1.8% against 2021. In general, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of 3.8K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, propylene glycol exports skyrocketed to $6.6M in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Propylene Glycol in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 2,971 | 3,648 | 2,220 | 2,814 | -1.8% |
| Denmark | 1,080 | 339 | 372 | 763 | -10.9% |
| France | 253 | 375 | 196 | 618 | 34.7% |
| Iran | N/A | N/A | 318 | 478 | 50.3% |
| Cyprus | 83.9 | 6.9 | N/A | 355 | 61.7% |
| Belgium | 409 | 433 | 644 | 188 | -22.8% |
| Sweden | 48.4 | 43.2 | 156 | 162 | 49.6% |
| Netherlands | 237 | 382 | 84.2 | 155 | -13.2% |
| Germany | 407 | 146 | 37.7 | 133 | -31.1% |
| United States | 306 | 85.6 | 329 | 58.4 | -42.4% |
| Italy | 143 | 384 | 51.4 | 17.9 | -50.0% |
| Others | 781 | 606 | 1,241 | 858 | 3.2% |
| Total | 6,719 | 6,448 | 5,649 | 6,601 | -0.6% |
Top Export Markets for Propylene Glycol from the UK in 2022:
- Ireland (763.4 tons)
- Denmark (312.9 tons)
- France (171.8 tons)
- Iran (158.9 tons)
- Cyprus (87.9 tons)
- Sweden (72.6 tons)
- Netherlands (52.7 tons)
- Belgium (50.5 tons)
- Germany (28.2 tons)
- United States (20.6 tons)
- Italy (3.1 tons)
This report provides an in-depth analysis of the propylene glycol 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 20142320 - Propylene glycol (propane-1,2-diol)
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
348
This report provides an in-depth analysis of the propylene glycol market in the UK.
49
This report provides an in-depth analysis of the market for halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols in the UK.
39
This report provides an in-depth analysis of the market for diols and polyhydric alcohols in the UK.
47
This report provides an in-depth analysis of the market for lauryl alcohol, cetyl alcohol, stearyl alcohol and other saturated monohydric alcohols in the UK.
417
This report provides an in-depth analysis of the butanol market in the UK.
618
This report provides an in-depth analysis of the methanol market in the UK.
272
This report provides an in-depth analysis of the unsaturated monohydric alcohols market in the UK.
370
This report provides an in-depth analysis of the market for propyl and isopropyl alcohol in the UK.
345
This report provides an in-depth analysis of the octyl alcohol market in the UK.
405
This report provides an in-depth analysis of the ethylene glycol market in the UK.
480
The price of Propylene Glycol in the United Kingdom dropped by 1.8% to $1,811 per ton (CIF) in April 2023 compared to the previous month.
306
In January 2023, the sorbitol price amounted to $2,049 per ton (CIF, United Kingdom), increasing by 26% against the previous month.
247
Explore the world's best import markets for butanol, including China, Belgium, Germany, and more. Gain insights into key statistics and market trends. Read now on IndexBox.
833
The global butanol market is forecast to see a pronounced recovery in 2021. The increased demand for butyl acetate and butyl acrylate, which together comprise over half of the butanol consumption, emerges as a key butanol market driver amid the current construction boom in Asia, the U.S., Russia and Europe. The use of butanol as an alternative fuel may also accelerate the market expansion. The possibility to derive biobutanol from food waste and the emerging technology to obtain butanol from CO2 shape promising investment prospects, following the shift to a circular economy.
412
In today's global economy, international trade plays a crucial role in the development and growth of countries. One of the key commodities traded across borders is methanol, a versatile chemical compound used in various industries such as automotive, construction, and chemical manufacturing. Understanding the import markets for methanol is crucial for businesses, policymakers, and investors looking to capitalize on the growing demand for this essential substance. According to the latest data from the IndexBox market intelligence platform, here are the world's top import markets for methanol in terms of import value: China, India, Netherlands, South Korea, and Japan. China dominates the global methanol import market with an import value of $4.2 billion USD in 2022. India witnessed a surge in import value, reaching $985.8 million USD in 2022. The Netherlands holds the third position in the global methanol import market with a total import value of $968.1 million USD in 2022. South Korea and Japan also have strong import markets for methanol.
923
The use of methanol as an alternative fuel is in line with the new global green agenda and can become a new driver of the methanol market. Maritime and automotive fuels constitute the prospective methanol applications. China is the largest market for imported methanol, with import growth to persist, should more cars work on the methanol fuel.
190
Explore the top import markets for ethylene glycol based on the latest data from IndexBox. Discover key statistics and insights for countries like China, India, Turkey, and more.
1540
Increasing demand for PET packaging and urgent need for eco-friendly refrigerants to become the main drivers of the ethylene glycol market growth.
511
South Korea became the fastest-growing sorbitol importer in the past decade. From 2010 to 2020, supplies to South Korea rose from $3.1M to $19.2M, while in physical terms, they expanded from 3.4K to 17K tons.
705
The global alcohol market revenue amounted to $56.1B in 2018, remaining stable against the previous year. This...
