United Kingdom: Market for Machine Tools For Working Metal Without Removing Metal 2023

Market Size for Machine Tools For Working Metal Without Removing Metal in the UK

In 2021, the UK machine tool for metal market increased by 18% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, continues to indicate a dramatic descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in the UK

In value terms, machine tool for metal production contracted modestly to $X in 2021 estimated in export price. In general, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted slightly in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from the UK

In 2021, overseas shipments of machine tools for working metal without removing metal were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 76% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine tool for metal exports shrank notably to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), the United States (X units) and Italy (X units) were the main destinations of machine tool for metal exports from the UK, together accounting for 61% of total exports. These countries were followed by Germany, China, Ireland, France, South Korea, Pakistan, Mexico and Japan, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +62.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine tool for metal exported from the UK were the United States ($X), Italy ($X) and Germany ($X), with a combined 49% share of total exports. Pakistan, France, China, Sweden, Ireland, South Korea, Mexico and Japan lagged somewhat behind, together comprising a further 38%.

Among the main countries of destination, Pakistan, with a CAGR of +80.8%, recorded the highest growth rate of 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

The average machine tool for metal export price stood at $X per unit in 2021, shrinking by -36.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 89% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per unit), while the average price for exports to Sweden ($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 Mexico (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into the UK

In 2021, approx. X units of machine tools for working metal without removing metal were imported into the UK; growing by 19% on 2020. Overall, imports, however, faced a dramatic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 246%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, machine tool for metal imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a dramatic decrease. The most prominent rate of growth was recorded in 2016 with an increase of 178%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest machine tool for metal supplier to the UK, accounting for a 46% share of total imports. Moreover, machine tool for metal imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. The third position in this ranking was held by Germany (X units), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+53.2% per year) and Germany (-33.5% per year).

In value terms, the largest machine tool for metal suppliers to the UK were Germany ($X), the United States ($X) and Taiwan (Chinese) ($X), with a combined 59% share of total imports. These countries were followed by Canada, China and Japan, which together accounted for a further 22%.

Canada, with a CAGR of +76.2%, recorded 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

The average machine tool for metal import price stood at $X per unit in 2021, rising by 6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 74% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :