United Kingdom: Cash Register Market 2024

Cash Register Market Size in the UK

For the fifth consecutive year, the UK cash register market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption posted prominent growth. Cash register consumption peaked in 2022 and is likely to see steady growth in the near future.

Cash Register Production in the UK

In value terms, cash register production totaled $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Cash Register Exports

Exports from the UK

In 2022, shipments abroad of cash registers increased by X% to X units, rising for the second year in a row after two years of decline. Overall, total exports indicated a notable expansion from 2012 to 2022: its volume 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 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cash register exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X units), Denmark (X units) and Poland (X units) were the main destinations of cash register exports from the UK, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) emerged as the key foreign market for cash registers exports from the UK, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

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

Export Prices by Country

The average cash register export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Cash Register Imports

Imports into the UK

After two years of decline, purchases abroad of cash registers increased by X% to X units in 2022. Over the period under review, imports continue to indicate a prominent increase. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, cash register imports surged to $X in 2022. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Vietnam (X units) and Malaysia (X units) were the main suppliers of cash register imports to the UK, together comprising X% of total imports. Brazil, Mexico, Taiwan (Chinese), Indonesia, Hungary, Hong Kong SAR, South Korea and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cash register suppliers to the UK were China ($X), Hungary ($X) and Vietnam ($X), with a combined X% share of total imports. Germany, Taiwan (Chinese), Mexico, Brazil, South Korea, Hong Kong SAR, Indonesia and Malaysia lagged somewhat behind, together comprising a further X%.

Mexico, 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 more modest paces of growth.

Import Prices by Country

The average cash register import price stood at $X per unit in 2022, remaining constant against the previous year. Overall, import price indicated a pronounced 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, cash register import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 ($X per unit), while the price for Malaysia ($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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