United Kingdom: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in the UK

The UK horizontal machining centre market declined modestly to $X.7B in 2022, which is down by X% against the previous year. In general, the total consumption indicated buoyant 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X.4B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Horizontal Machining Centre Production in the UK

In value terms, horizontal machining centre production declined slightly to $X.5B in 2022 estimated in export price. Overall, the total production indicated buoyant 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Horizontal machining centre production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Horizontal Machining Centre Exports

Exports from the UK

After two years of growth, shipments abroad of horizontal machining centres for working metal decreased by X% to X units in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, horizontal machining centre exports shrank to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units), Germany (X units) and India (X units) were the main destinations of horizontal machining centre exports from the UK, together comprising X% of total exports. Turkey, Italy, the Czech Republic, France, Spain, Norway, Chile, Serbia, Ireland and Sweden 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 Serbia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for horizontal machining centre exported from the UK worldwide, with a combined X% share of total exports. Spain, Ireland, Turkey, France, India, Sweden, the Czech Republic, Serbia, Norway and Chile lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Serbia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average horizontal machining centre export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Horizontal Machining Centre Imports

Imports into the UK

In 2022, overseas purchases of horizontal machining centres for working metal increased by X% to X units, rising for the second consecutive year after six years of decline. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, horizontal machining centre imports expanded notably to $X in 2022. Over the period under review, imports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), Spain (X units) and Taiwan (Chinese) (X units) were the main suppliers of horizontal machining centre imports to the UK, together accounting for X% of total imports. China, Japan, Germany, Sweden and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Japan ($X), Taiwan (Chinese) ($X) and Germany ($X) appeared to be the largest horizontal machining centre suppliers to the UK, together accounting for X% of total imports. The United States, China, Spain, Sweden and the Netherlands lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average horizontal machining centre import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a slight setback. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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