United Kingdom: Wood Milling Machine Market 2022

Wood Milling Machine Market Size in the UK

In 2021, the UK wood milling machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption posted a buoyant expansion. Wood milling machine consumption peaked in 2021 and is likely to continue growth in the near future.

Wood Milling Machine Production in the UK

In value terms, wood milling machine production rose markedly to $X in 2021 estimated in export price. In general, production, however, recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 34%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Wood Milling Machine Exports

Exports from the UK

In 2021, overseas shipments of planing, milling or moulding machines increased by 1.5% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, saw a mild setback. The growth pace was the most rapid in 2015 with an increase of 39%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, wood milling machine exports surged to $X in 2021. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Ireland (X units) and Poland (X units) were the main destinations of wood milling machine exports from the UK, with a combined 36% share of total exports. The Netherlands, Turkey, Sweden, Denmark, Norway, France, China, Spain, the United States and Portugal lagged somewhat behind, together comprising a further 49%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +89.9%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) remains the key foreign market for wood milling machine exports from the UK, comprising 29% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+70.4% per year) and Germany (+20.9% per year).

Export Prices by Country

The average wood milling machine export price stood at $X per unit in 2021, growing by 46% against the previous year. In general, the export price saw strong growth. The pace of growth was the most pronounced in 2018 an increase of 73%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Denmark ($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 Sweden (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into the UK

In 2021, purchases abroad of planing, milling or moulding machines increased by 58% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood milling machine imports skyrocketed to $X in 2021. In general, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 56%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood milling machine to the UK, with a 69% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.6% per year) and Taiwan (Chinese) (+11.4% per year).

In value terms, the largest wood milling machine suppliers to the UK were Germany ($X), China ($X) and Austria ($X), with a combined 78% share of total imports.

In terms of the main suppliers, China, with a CAGR of +18.4%, recorded the highest rates of growth with regard to 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 milling machine import price amounted to $X per unit, which is down by -8% against the previous year. In general, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 109%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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