United Kingdom: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in the UK

After two years of decline, the UK lathe for removing metal market increased by X% to $X in 2022. Over the period under review, consumption, however, recorded a dramatic contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Lathes For Removing Metal in the UK

In value terms, lathe for removing metal production stood at $X in 2022 estimated in export price. Over the period under review, production showed a pronounced increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Exports of Lathes For Removing Metal

Exports from the UK

In 2022, exports of lathes for removing metal from the UK was estimated at X units, approximately reflecting 2021. Over the period under review, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the lafor removing metal exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lathe for removing metal exports expanded sharply to $X in 2022. Overall, exports, however, recorded a mild setback. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the lafor removing metal exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), the United States (X units) and Germany (X units) were the main destinations of lathe for removing metal exports from the UK, together accounting for X% of total exports. Turkey, Belgium, India, Italy, France, Norway, Greece, the Netherlands, Mexico and Ireland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) remains the key foreign market for lathes for removing metal exports from the UK, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Italy (X% per year).

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded prominent growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into the UK

In 2022, imports of lathes for removing metal into the UK skyrocketed to X units, increasing by X% against the previous year. In general, imports, however, saw a slight downturn. Over the period under review, lafor removing metal imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lathe for removing metal imports skyrocketed to $X in 2022. Overall, imports, however, recorded a noticeable slump. Over the period under review, lafor removing metal imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest lathe for removing metal supplier to the UK, with a X% share of total imports. Moreover, lathe for removing metal imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

In value terms, the largest lathe for removing metal suppliers to the UK were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. Germany, Thailand, China, the United States, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price recorded a noticeable decline. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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