United Kingdom: Market for Machine Tools For Working Metal Without Removing Metal 2024

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

The UK machine tool for metal market was estimated at $X in 2022, growing by X% against the previous year. Overall, consumption, however, showed a perceptible slump. Machine tool for metal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, machine tool for metal production reached $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Machine tool for metal production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports from the UK

Machine tool for metal exports from the UK declined significantly to X units in 2022, dropping by X% on 2021 figures. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, machine tool for metal exports declined markedly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Germany (X units) and South Korea (X units) were the main destinations of machine tool for metal exports from the UK, together accounting for X% of total exports. The Netherlands, Sweden, Estonia, China, France, Mexico, Italy and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest markets for machine tool for metal exported from the UK worldwide, with a combined X% share of total exports. South Korea, the Netherlands, France, Italy, Estonia, Sweden, Mexico and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Estonia, with a CAGR of X%, saw 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

In 2022, the average machine tool for metal export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), 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 2022, purchases abroad of machine tools for working metal without removing metal was finally on the rise to reach X units after two years of decline. Overall, imports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, machine tool for metal imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest machine tool for metal supplier to the UK, accounting for a X% share of total imports. Moreover, machine tool for metal imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) constituted the largest machine tool for metal suppliers to the UK, with a combined X% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, saw 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 2022, the average machine tool for metal import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price, however, showed a strong increase. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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