United Kingdom: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in the UK

In 2022, the UK grinding and sharpening machine market decreased by X% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, recorded a mild increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in the UK

In value terms, grinding and sharpening machine production declined to $X in 2022 estimated in export price. In general, production recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Grinding And Sharpening Metal Finishing Machines

Exports from the UK

In 2022, approx. X units of grinding and sharpening metal finishing machines were exported from the UK; growing by X% on the previous year. In general, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, grinding and sharpening machine exports dropped dramatically to $X in 2022. Overall, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Ireland (X units) and Germany (X units) were the main destinations of grinding and sharpening machine exports from the UK, together comprising X% of total exports. Taiwan (Chinese), France, Australia, Spain, South Africa, the Netherlands, India, China and Egypt lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X) remains the key foreign market for grinding and sharpening metal finishing machines exports from the UK, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price faced a sharp reduction. The growth pace was the most rapid in 2013 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 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Ireland ($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 Zambia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into the UK

In 2022, purchases abroad of grinding and sharpening metal finishing machines decreased by X% to X units, falling for the second consecutive year after four years of growth. In general, imports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, grinding and sharpening machine imports surged to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding and sharpening machine to the UK, accounting for a X% share of total imports. Moreover, grinding and sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) were the largest grinding and sharpening machine suppliers to the UK, together accounting for X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average grinding and sharpening machine import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Spain ($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 mixed trend patterns.

Source: IndexBox Platform

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