United Kingdom: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in the UK

In 2021, the UK market for wiring sets used in vehicles, aircraft or ships increased by 11% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in the UK

In value terms, production of wiring sets used in vehicles, aircraft or ships rose to $X in 2021 estimated in export price. In general, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 5.1%. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from the UK

In 2021, overseas shipments of wiring sets used in vehicles, aircraft or ships decreased by -41% to X tons, falling for the third consecutive year after two years of growth. Overall, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2015 with an increase of 46%. Over the period under review, the exports of attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships declined modestly to $X in 2021. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from the UK, with a 21% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by Ireland (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.0% per year) and Ireland (+17.5% per year).

In value terms, the United States ($X) remains the key foreign market for wiring sets used in vehicles, aircraft or ships exports from the UK, comprising 24% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by France, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.0% per year) and France (-2.9% per year).

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, increasing by 62% against the previous year. Overall, the export price posted a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into the UK

In 2021, overseas purchases of wiring sets used in vehicles, aircraft or ships were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 16%. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships rose rapidly to $X in 2021. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 34%. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Morocco (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to the UK, with a 39% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from Morocco exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Egypt (X tons), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Morocco totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and Egypt (-7.3% per year).

In value terms, Morocco ($X) constituted the largest supplier of wiring sets used in vehicles, aircraft or ships to the UK, comprising 30% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Egypt, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Morocco amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.2% per year) and Egypt (-3.5% per year).

Import Prices by Country

In 2021, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, surging by 9.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 19%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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