United Kingdom: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in the UK

In 2022, the UK market for grinding, sanding and polishing machines increased by X% to $X, rising for the third year in a row after three years of decline. Overall, the total consumption indicated a tangible 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Production of Grinding, Sanding and Polishing Machines in the UK

In value terms, grinding, sanding and polishing machine production reached $X in 2022 estimated in export price. The total output 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. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Grinding, Sanding and Polishing Machines

Exports from the UK

In 2022, approx. X units of grinding, sanding and polishing machines were exported from the UK; picking up by X% against the previous year. Overall, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports soared to $X in 2022. In general, total exports indicated pronounced 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Ireland (X units) and Australia (X units) were the main destinations of grinding, sanding and polishing machine exports from the UK, together accounting for X% of total exports. Latvia, Denmark, Portugal, Norway, India, South Africa, Germany and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, Australia ($X) remains the key foreign market for grinding, sanding and polishing machines exports from the UK, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Ireland, with an X% share.

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

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price recorded a perceptible setback. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached 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 the United States ($X per unit), while the average price for exports to Latvia ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into the UK

After three years of growth, overseas purchases of grinding, sanding and polishing machines decreased by X% to X units in 2022. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then declined in the following year.

In value terms, grinding, sanding and polishing machine imports amounted to $X in 2022. In general, total imports indicated resilient 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. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to the UK, accounting for a X% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was held by Germany (X units), with an 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: Taiwan (Chinese) (X% per year) and Germany (X% per year).

In value terms, Germany ($X), China ($X) and Taiwan (Chinese) ($X) were the largest grinding, sanding and polishing machine suppliers to the UK, with a combined X% share of total imports. Italy, the Czech Republic and the United States lagged somewhat behind, together accounting for a further X%.

The Czech Republic, 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

In 2022, the average import price for grinding, sanding and polishing machines amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 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 Italy ($X per unit), while the price for Taiwan (Chinese) ($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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