United Kingdom - Planes, Chisels And Gouges For Working Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUK Boosts Exports of Gouges and Chisels to $879K in August 2023
United Kingdom Gouges And Chisels Exports
In August 2023, gouges and chisels exports from the UK shrank to 28 tons, waning by -2.7% compared with July 2023 figures. Overall, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in May 2023 when exports increased by 118% against the previous month. As a result, the exports reached the peak of 47 tons. From June 2023 to August 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, gouges and chisels exports rose markedly to $879K (IndexBox estimates) in August 2023. In general, exports recorded a slight decrease. The most prominent rate of growth was recorded in May 2023 with an increase of 77% month-to-month. As a result, the exports attained the peak of $1.3M. From June 2023 to August 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Gouges And Chisels in United Kingdom (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| United States | 447 | 369 | 507 | 294 | 296 | 237 | 374 | 327 | 237 | 625 | 174 | 144 | 289 |
| Belgium | 89.9 | 66.6 | 55.3 | 104 | 118 | 139 | 65.8 | 74.3 | 41.0 | 126 | 145 | 162 | 140 |
| Germany | 76.2 | 93.9 | 98.5 | 115 | 133 | 82.5 | 152 | 86.6 | 155 | 93.1 | 136 | 60.0 | 114 |
| Ireland | 38.9 | 58.3 | 60.6 | 44.8 | 44.2 | 40.1 | 62.1 | 35.5 | 49.7 | 87.0 | 37.6 | 73.1 | 67.3 |
| Australia | 161 | 95.8 | 15.7 | 64.3 | 28.7 | 112 | 89.7 | 36.1 | 46.7 | 73.9 | 86.5 | 116 | 28.7 |
| Others | 214 | 215 | 174 | 303 | 442 | 228 | 322 | 276 | 211 | 305 | 241 | 281 | 240 |
| Total | 1,027 | 899 | 911 | 924 | 1,062 | 839 | 1,066 | 836 | 740 | 1,311 | 821 | 836 | 879 |
Exports by Country
The United States (10 tons), Belgium (6.3 tons) and Australia (2.4 tons) were the main destinations of gouges and chisels exports from the UK, with a combined 67% share of total exports. Ireland and Germany lagged somewhat behind, together accounting for a further 8.9%.
From August 2022 to August 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +0.9%), while the other leaders experienced a decline.
In value terms, the United States ($289K) emerged as the key foreign market for gouges and chisels exports from the UK, comprising 33% of total exports. The second position in the ranking was taken by Belgium ($140K), with a 16% share of total exports. It was followed by Germany, with a 13% share.
From August 2022 to August 2023, the average monthly growth rate of value to the United States totaled -3.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Belgium (+3.7% per month) and Germany (+3.4% per month).
Export Prices by Country
In August 2023, the gouges and chisels price stood at $30,898 per ton (FOB, United Kingdom), rising by 7.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 33% month-to-month. The export price peaked at $36,468 per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Germany ($101K per ton), while the average price for exports to Australia ($12,004 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the gouges and chisels 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 25733057 - Planes, chisels, gouges and similar cutting tools for working wood
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
