Overview of the Market for Oils From Coal Tar in the United Kingdom
In value terms, oils from coal tar production reduced notably to $ in 2019 estimated in export prices. Over the period under review, the total production indicated slight growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of % year-to-year. As a result, production attained the peak level of $, and then dropped significantly in the following year.
The size of the oils from coal tar market in the UK declined to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a slight decline. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Oils from coal tar consumption peaked at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.