Updated Jan 12, 2023 03:20

Market for Ceramic Wares For Laboratory Or Technical Uses in the United Kingdom

Market Overview
The UK market for ceramic wares for laboratory or technical uses reduced to $ in , dropping 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). In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in , and then dropped in the following year.

In value terms, production of ceramic wares for laboratory or technical uses contracted modestly to $ in estimated in export price. In general, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Over the period under review, production of attained the maximum level at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
In , consumption of ceramic wares for laboratory or technical uses was finally on the rise to reach tons after two years of decline. In general, consumption, however, recorded a slight descent. Over the period under review, consumption of attained the maximum volume at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

The revenue of the market for ceramic wares for laboratory or technical uses in the UK contracted to $ in , shrinking 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 recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in , and then dropped in the following year.


Market Forecast
Depressed by shrinking demand for ceramic wares for laboratory or technical uses in the UK, the market is expected to continue its downward consumption trend over the next eight years. 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 .


Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last fifteen-year period (from % to %). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
The UK remains a net importer of ceramic wares for laboratory or technical uses; 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.