United Kingdom: Working Wire Machine Market 2022

Working Wire Machine Market Size in the UK

The UK working wire machine market totaled $X in 2021, increasing by 1.8% against the previous year. Over the period under review, consumption posted significant growth. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Working Wire Machine Production in the UK

In value terms, working wire machine production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 267%. Working wire machine production peaked at $X in 2020, and then dropped in the following year.

Working Wire Machine Exports

Exports from the UK

In 2021, overseas shipments of machines for working wire decreased by -0.1% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of 100%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, working wire machine exports declined to $X in 2021. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when exports increased by 44% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Bulgaria (X units), Lithuania (X units) and China (X units) were the main destinations of working wire machine exports from the UK, with a combined 60% share of total exports.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +112.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for working wire machine exported from the UK were Mexico ($X), the United States ($X) and India ($X), together accounting for 30% of total exports. These countries were followed by China, Germany, Bulgaria, Turkey, Japan, Lithuania and Canada, which together accounted for a further 29%.

Among the main countries of destination, Lithuania, with a CAGR of +93.2%, 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

The average working wire machine export price stood at $X per unit in 2021, which is down by -7.4% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 84%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to Lithuania ($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 Japan (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Working Wire Machine Imports

Imports into the UK

In 2021, overseas purchases of machines for working wire increased by 111% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 192%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, working wire machine imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X units) constituted the largest supplier of working wire machine to the UK, with a 85% share of total imports. Moreover, working wire machine imports from Australia exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. New Zealand (X units) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia totaled +123.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.3% per year) and New Zealand (+18.0% per year).

In value terms, the largest working wire machine suppliers to the UK were Australia ($X), New Zealand ($X) and Germany ($X), with a combined 69% share of total imports.

Australia, with a CAGR of +313.0%, recorded 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

In 2021, the average working wire machine import price amounted to $X per unit, rising by 5.7% against the previous year. Overall, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 125%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was New Zealand ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+85.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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