Hydantoin Market Overview in the United Kingdom
In value terms, hydantoin production dropped to $ in 2019 estimated in export prices. In general, production saw a sharp contraction. The pace of growth was the most pronounced in 2011 when the production volume decreased by -% y-o-y. Hydantoin production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
The size of the hydantoin market in the UK stood at $ in 2019, growing by % 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). Overall, consumption continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the market value increased by % against the previous year. Hydantoin consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.