United Kingdom: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in the UK

In 2022, the UK machine-tool for working metal market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a prominent expansion. Machine-tool for working metal consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Machine Tools For Working Metal in the UK

In value terms, machine-tool for working metal production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from the UK

In 2022, shipments abroad of machine tools for working metal decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports declined to $X in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

The United States (X units), the Netherlands (X units) and China (X units) were the main destinations of machine-tool for working metal exports from the UK, with a combined X% share of total exports. Brazil, Germany, Singapore, Australia, Spain, Argentina, France, Mexico, Romania and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for machine tools for working metal exports from the UK, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Brazil (X% per year).

Export Prices by Country

The average machine-tool for working metal export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price saw significant growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into the UK

In 2022, supplies from abroad of machine tools for working metal increased by X% to X units, rising for the second year in a row after four years of decline. In general, imports, however, showed a slight slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for working metal imports skyrocketed to $X in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machine-tool for working metal to the UK, accounting for a X% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Turkey (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: the United States (X% per year) and Turkey (X% per year).

In value terms, Germany ($X), Japan ($X) and Italy ($X) constituted the largest machine-tool for working metal suppliers to the UK, together comprising X% of total imports. China, Turkey, Belgium, the United States, Finland and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average machine-tool for working metal import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machine-tool for working metal import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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