United Kingdom - Cranks And Crankshafts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCranks and Crankshafts Price in the UK - 2023
Contents:
- Cranks and Crankshafts Price in the UK (FOB) - 2022
- Cranks and Crankshafts Price in the UK (CIF) - 2023
- Cranks and Crankshafts Exports in the UK
- Cranks and Crankshafts Imports in the UK
Cranks and Crankshafts Price in the UK (FOB) - 2022
The average cranks and crankshafts export price stood at $17,724 per ton in 2022, surging by 20% against the previous year. Over the period under review, the export price saw resilient growth. The growth pace was the most rapid in 2018 an increase of 60%. The export price peaked at $18,332 per ton in 2020; however, from 2021 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 Hong Kong SAR ($109,288 per ton), while the average price for exports to Italy ($3,004 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cranks and Crankshafts Price in the UK (CIF) - 2023
The average cranks and crankshafts import price stood at $9,162 per ton in May 2023, increasing by 4.2% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 23% month-to-month. The import price peaked at $10,617 per ton in January 2023; however, from February 2023 to May 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Turkey ($21,021 per ton), while the price for Spain ($3,053 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Cranks and Crankshafts Exports in the UK
In 2022, exports of cranks and crankshafts from the UK soared to 39K tons, jumping by 17% on 2021. Over the period under review, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 36%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, cranks and crankshafts exports soared to $684M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Cranks and Crankshafts in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 123 | 89.4 | 107 | 175 | 12.5% |
Hong Kong SAR | 118 | 95.7 | 84.2 | 140 | 5.9% |
United States | 51.3 | 52.5 | 63.4 | 104 | 26.6% |
Germany | 65.8 | 37.5 | 53.5 | 80.3 | 6.9% |
France | 13.1 | 9.4 | 11.5 | 15.6 | 6.0% |
Italy | 5.3 | 4.6 | 10.5 | 13.0 | 34.9% |
China | 10.0 | 10.8 | 7.4 | 10.8 | 2.6% |
Mexico | 3.4 | 4.3 | 7.3 | 9.2 | 39.3% |
Turkey | 5.4 | 5.3 | 5.7 | 8.2 | 14.9% |
South Africa | 13.3 | 5.9 | 7.5 | 7.1 | -18.9% |
Austria | 16.7 | 6.0 | 8.0 | 6.8 | -25.9% |
Brazil | 4.6 | 9.3 | 11.0 | 5.5 | 6.1% |
Thailand | 12.9 | 1.0 | 3.9 | 3.8 | -33.5% |
Others | 146 | 114 | 105 | 104 | -10.7% |
Total | 589 | 446 | 486 | 684 | 5.1% |
Top Export Markets for Cranks and Crankshafts from the UK in 2022:
- Germany (10.3K tons)
- United States (5.7K tons)
- Italy (4.3K tons)
- France (2.7K tons)
- Turkey (2.4K tons)
- Singapore (2.4K tons)
- Mexico (2.2K tons)
- South Africa (1.4K tons)
- Hong Kong SAR (1.3K tons)
- China (0.8K tons)
- Brazil (0.7K tons)
- Austria (0.6K tons)
- Thailand (0.6K tons)
Cranks and Crankshafts Imports in the UK
In 2022, overseas purchases of cranks and crankshafts were finally on the rise to reach 61K tons after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern.
In value terms, cranks and crankshafts imports surged to $503M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern.
Import of Cranks and Crankshafts in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 157 | 123 | 142 | 148 | -1.9% |
China | 29.7 | 22.4 | 34.3 | 57.2 | 24.4% |
Spain | 48.2 | 33.7 | 28.7 | 53.3 | 3.4% |
France | 35.4 | 25.2 | 23.3 | 37.0 | 1.5% |
Japan | 53.4 | 35.8 | 28.8 | 30.3 | -17.2% |
India | 27.5 | 19.5 | 23.0 | 28.3 | 1.0% |
Turkey | 17.4 | 11.7 | 13.0 | 25.0 | 12.8% |
Poland | 1.9 | 6.7 | 2.9 | 17.8 | 110.8% |
Italy | 9.2 | 9.9 | 13.0 | 17.5 | 23.9% |
Others | 134 | 78.2 | 64.0 | 88.7 | -12.8% |
Total | 514 | 366 | 373 | 503 | -0.7% |
Top Suppliers of Cranks and Crankshafts to the UK in 2022:
- Spain (17.4K tons)
- Germany (14.5K tons)
- China (6.0K tons)
- France (5.8K tons)
- India (4.6K tons)
- Poland (3.7K tons)
- Turkey (2.0K tons)
- Italy (2.0K tons)
- Japan (1.5K tons)
This report provides an in-depth analysis of the cranks and crankshafts market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28152230 - Cranks and crankshafts
- Prodcom 28152250 - Cardan shafts
- Prodcom 28152270 - Other shafts
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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