United Kingdom - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPassenger Car Price in the UK - 2023
Contents:
- Passenger Car Price in the UK (CIF) - 2022
- Passenger Car Price in the UK (FOB) - 2022
- Passenger Car Imports in the UK
- Passenger Car Exports in the UK
Passenger Car Price in the UK (CIF) - 2022
In 2021, the average passenger car import price amounted to $25,438 per unit, growing by 13% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, passenger car import price decreased by -14.9% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 65% against the previous year. As a result, import price reached the peak level of $29,909 per unit. From 2018 to 2021, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($30,915 per unit), while the price for China ($3,820 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Price in the UK (FOB) - 2022
In 2021, the average passenger car export price amounted to $34,062 per unit, with an increase of 16% against the previous year. Over the last nine years, it increased at an average annual rate of +4.7%. The pace of growth was the most pronounced in 2014 an increase of 18% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($76,938 per unit), while the average price for exports to Nigeria ($2,210 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Imports in the UK
In 2022, purchases abroad of passenger cars decreased by -28.8% to 949K units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 3.6% against the previous year. As a result, imports attained the peak of 1.5M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, passenger car imports shrank to $29.8B in 2022. In general, imports showed a abrupt contraction. The smallest decline of -2.3% was in 2021. Imports peaked at $43.8B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Passenger Car in the UK (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 17.8 | 13.7 | 13.5 | -12.9% | |
| Belgium | 7.5 | 6.6 | 4.0 | -27.0% | |
| Spain | 3.8 | 3.2 | 2.8 | -14.2% | |
| China | 0.2 | 0.3 | 2.1 | 224.0% | |
| South Korea | 1.5 | 1.3 | 2.0 | 15.5% | |
| Japan | 2.2 | 1.8 | 1.4 | -20.2% | |
| Slovakia | 1.4 | 1.4 | 1.2 | -7.4% | |
| Turkey | 1.1 | 0.8 | 1.0 | -4.7% | |
| Netherlands | 1.2 | 1.1 | 1.0 | -8.7% | |
| France | 1.7 | 0.9 | 0.9 | -27.2% | |
| Czech Republic | 0.7 | 0.3 | 0.6 | -7.4% | |
| Romania | 0.2 | 0.1 | 0.4 | 41.4% | |
| Poland | 0.5 | 0.3 | 0.3 | -22.5% | |
| Others | 3.9 | 2.7 | 2.8 | -15.3% | |
| Total | 43.8 | 34.7 | 33.9 | -12.0% | |
Top Suppliers of Passenger Car to the UK in 2022:
- China (559.6K units)
- Germany (435.7K units)
- Spain (142.6K units)
- Belgium (133.9K units)
- South Korea (79.4K units)
- Japan (77.9K units)
- Turkey (77.2K units)
- Netherlands (54.1K units)
- Romania (51.6K units)
- France (51.2K units)
- Slovakia (47.2K units)
- Czech Republic (33.2K units)
- Poland (19.1K units)
Passenger Car Exports in the UK
For the third consecutive year, the UK recorded decline in shipments abroad of passenger cars, which decreased by -26.5% to 651K units in 2022. Over the period under review, exports faced a significant contraction. The smallest decline of -2.1% was in 2021. Over the period under review, the exports attained the maximum at 1.3M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, passenger car exports declined significantly to $20B in 2022. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 14%. Over the period under review, the exports reached the maximum at $38.6B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Passenger Car in the UK (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 9.9 | 6.1 | 6.8 | -17.1% | |
| China | 3.5 | 3.5 | 4.6 | 14.6% | |
| Germany | 2.9 | 1.9 | 2.4 | -9.0% | |
| Belgium | 2.8 | 1.9 | 1.9 | -17.6% | |
| France | 1.1 | 0.7 | 1.5 | 16.8% | |
| Italy | 1.9 | 1.1 | 1.3 | -17.3% | |
| Spain | 1.8 | 1.0 | 1.0 | -25.5% | |
| Japan | 1.3 | 0.9 | 0.9 | -16.8% | |
| Canada | 0.9 | 0.5 | 0.6 | -18.4% | |
| Sweden | 0.6 | 0.5 | 0.6 | 0.0% | |
| Netherlands | 1.6 | 1.1 | 0.5 | -44.1% | |
| Ireland | 0.5 | 0.5 | 0.4 | -10.6% | |
| Nigeria | N/A | N/A | N/A | 0% | |
| Others | 9.6 | 6.8 | 7.7 | -10.4% | |
| Total | 38.6 | 26.6 | 30.2 | -11.5% | |
Top Export Markets for Passenger Car from the UK in 2022:
- United States (130.3K units)
- Germany (93.8K units)
- Belgium (80.3K units)
- China (59.1K units)
- France (57.9K units)
- Italy (45.8K units)
- Spain (43.4K units)
- Ireland (41.1K units)
- Netherlands (27.9K units)
- Sweden (23.1K units)
- Japan (18.8K units)
- Canada (17.0K units)
- Nigeria (15.5K units)
This report provides an in-depth analysis of the passenger car 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 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
- Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
- Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
- Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
- Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
- Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102410 -
- Prodcom 29102430 -
- Prodcom 29102450 -
- Prodcom 29102490 -
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.
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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
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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
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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
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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
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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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In February 2023, the passenger car price stood at $36,155 per unit (CIF, United Kingdom), rising by 8.9% against the previous month.
296
Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
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In February 2023, the passenger car price stood at $36,155 per unit (CIF, United Kingdom), rising by 8.9% against the previous month.
803
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
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Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
