United Kingdom - Gear Boxes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Box Price in the UK - 2023
Contents:
- Gear Box Price in the UK (CIF) - 2023
- Gear Box Price in the UK (FOB) - 2023
- Gear Box Imports in the UK
- Gear Box Exports in the UK
Gear Box Price in the UK (CIF) - 2023
The average gear box import price stood at $11.3 per unit in June 2023, stabilizing at the previous month. Over the period under review, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in December 2022 an increase of 15% against the previous month. Over the period under review, average import prices hit record highs at $18.3 per unit in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($17.9 per unit), while the price for the Netherlands ($5.5 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Gear Box Price in the UK (FOB) - 2023
The average gear box export price stood at $13.1 per unit in June 2023, with a decrease of -3.2% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 93% m-o-m. The export price peaked at $26.6 per unit in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was China ($23.9 per unit), while the average price for exports to Poland ($4.8 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Gear Box Imports in the UK
In 2022, after two years of decline, there was significant growth in supplies from abroad of gear boxes, when their volume increased by 18% to 48M units. Overall, imports, however, continue to indicate a abrupt contraction. Imports peaked at 89M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, gear box imports reduced to $1.5B in 2022. In general, imports, however, saw a abrupt setback. Imports peaked at $2.4B in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Gear Box in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 912 | 695 | 781 | 661 | -10.2% |
| Japan | 119 | 80.0 | 124 | 271 | 31.6% |
| United States | 408 | 242 | 187 | 143 | -29.5% |
| Poland | 123 | 107 | 105 | 94.3 | -8.5% |
| Slovakia | 8.1 | 6.4 | 3.0 | 78.9 | 113.6% |
| France | 213 | 133 | 136 | 62.6 | -33.5% |
| Belgium | 89.6 | 98.1 | 63.9 | 27.4 | -32.6% |
| Romania | 6.4 | 4.1 | 1.0 | 27.2 | 62.0% |
| Netherlands | 92.2 | 46.7 | 11.3 | 7.4 | -56.9% |
| Others | 379 | 201 | 124 | 130 | -30.0% |
| Total | 2,351 | 1,613 | 1,536 | 1,502 | -13.9% |
Top Suppliers of Gear Box to the UK in 2022:
- Germany (21.9M units)
- Japan (8.1M units)
- United States (3.2M units)
- Slovakia (2.9M units)
- Poland (2.7M units)
- France (2.5M units)
- Romania (1.4M units)
- Belgium (1.0M units)
- Netherlands (0.7M units)
Gear Box Exports in the UK
In 2022, overseas shipments of gear boxes were finally on the rise to reach 14M units after two years of decline. Overall, exports, however, recorded a abrupt downturn. Over the period under review, the exports attained the peak figure at 16M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, gear box exports skyrocketed to $525M in 2022. In general, exports, however, showed a pronounced downturn. Over the period under review, the exports hit record highs at $594M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Gear Box in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 168 | 29.5 | 63.3 | 147 | -4.4% |
| Germany | 172 | 122 | 98.7 | 72.9 | -24.9% |
| Turkey | 1.0 | 1.7 | 37.4 | 58.7 | 288.6% |
| Spain | 60.4 | 50.5 | 36.7 | 47.2 | -7.9% |
| United States | 23.4 | 14.9 | 24.9 | 36.1 | 15.5% |
| France | 37.7 | 22.2 | 23.8 | 31.6 | -5.7% |
| Czech Republic | 2.9 | 1.2 | 2.2 | 26.5 | 109.1% |
| Poland | 8.0 | 4.3 | 4.5 | 16.9 | 28.3% |
| Belgium | 27.7 | 18.0 | 16.5 | 9.2 | -30.7% |
| Sweden | 4.8 | 3.5 | 9.1 | 8.6 | 21.5% |
| Ireland | 27.0 | 21.8 | 4.5 | 3.4 | -49.9% |
| Others | 61.1 | 52.0 | 70.3 | 66.6 | 2.9% |
| Total | 594 | 342 | 392 | 525 | -4.0% |
Top Export Markets for Gear Box from the UK in 2022:
- China (2.8M units)
- Germany (2.0M units)
- Turkey (1.9M units)
- Spain (1.7M units)
- Poland (1.4M units)
- France (1.1M units)
- Czech Republic (0.4M units)
- United States (0.3M units)
- Sweden (0.3M units)
- Belgium (0.3M units)
- Ireland (0.1M units)
This report provides an in-depth analysis of the gear box 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 29323033 - Gear boxes and their parts
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
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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
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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
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