Extruded Rod Market in the United Kingdom
Market Overview
The UK extruded rod market expanded markedly to $
in , with an increase 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). Overall, consumption, however, recorded a precipitous descent. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In value terms, extruded rod production shrank modestly to $ in estimated in export price. Overall, production, however, saw strong growth. The pace of growth was the most pronounced in 2018 with an increase of %. As a result, production attained the peak level of $; afterwards, it flattened through to .
in , with an increase 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). Overall, consumption, however, recorded a precipitous descent. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.In value terms, extruded rod production shrank modestly to $
in estimated in export price. Overall, production, however, saw strong growth. The pace of growth was the most pronounced in 2018 with an increase of %. As a result, production attained the peak level of $; afterwards, it flattened through to .Consumption
In , approx. tons of extruded rods and profile shapes of cellular vulcanised rubber were consumed in the UK; growing by % on . Overall, consumption, however, saw a precipitous slump. Extruded rod consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The revenue of the extruded rod market in the UK rose sharply to $ in , 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). Over the period under review, consumption, however, showed a precipitous decline. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
, approx. tons of extruded rods and profile shapes of cellular vulcanised rubber were consumed in the UK; growing by % on . Overall, consumption, however, saw a precipitous slump. Extruded rod consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The revenue of the extruded rod market in the UK rose sharply to $
in , 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). Over the period under review, consumption, however, showed a precipitous decline. Extruded rod consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for extruded rod in the UK, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last fifteen years (from % to %).
% to %).Trade Balance
The UK remains a net importer of extruded rod; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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