
United Kingdom - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights
United Kingdom: Wood Bending Machine Market 2022
Wood Bending Machine Market Size in the UK
In 2021, after three years of growth, there was significant decline in the UK wood bending machine market, when its value decreased by -65.8% to $X. Over the period under review, consumption saw a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2020, and then dropped rapidly in the following year.
Wood Bending Machine Exports
Exports from the UK
In 2021, the amount of bending or assembling machines exported from the UK skyrocketed to X units, with an increase of 72% on 2020. Overall, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 204%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.
In value terms, wood bending machine exports surged to $X in 2021. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 211% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
India (X units) was the main destination for wood bending machine exports from the UK, accounting for a 46% share of total exports. Moreover, wood bending machine exports to India exceeded the volume sent to the second major destination, Ireland (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with an 8.8% share.
From 2012 to 2021, the average annual growth rate of volume to India amounted to +667.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+17.5% per year) and the Netherlands (+23.7% per year).
In value terms, Ireland ($X) remains the key foreign market for wood bending machine exports from the UK, comprising 35% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by Poland, with an 11% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+762.7% per year) and Poland (+55.1% per year).
Export Prices by Country
The average wood bending machine export price stood at $X per unit in 2021, declining by -9.8% against the previous year. Overall, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of 144% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to the Netherlands ($X 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 Czech Republic (+317.1%), while the prices for the other major destinations experienced more modest paces of growth.
Wood Bending Machine Imports
Imports into the UK
In 2021, overseas purchases of bending or assembling machines decreased by -64.5% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2016 when imports increased by 109% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.
In value terms, wood bending machine imports dropped rapidly to $X in 2021. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 107%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.
Imports by Country
China (X units), Germany (X units) and Spain (X units) were the main suppliers of wood bending machine imports to the UK, together accounting for 91% of total imports. The Netherlands, the United States, France and Italy lagged somewhat behind, together accounting for a further 8.5%.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +22.0%), while imports for the other leaders experienced a decline.
In value terms, Germany ($X), China ($X) and Spain ($X) constituted the largest wood bending machine suppliers to the UK, together accounting for 89% of total imports. France, the United States, Italy and the Netherlands lagged somewhat behind, together comprising a further 5.7%.
In terms of the main suppliers, the Netherlands, with a CAGR of +50.3%, recorded the highest growth rate of 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 2021, the average wood bending machine import price amounted to $X per unit, increasing by 101% against the previous year. In general, the import price showed a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 180%. The import price peaked in 2021 and is expected to retain growth in years to come.
Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+93.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood bending machine 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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