United Kingdom: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in the UK

In 2021, the UK lathe for removing metal market decreased by -40.7% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a significant contraction. Lathe for removing metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in the UK

In value terms, lathe for removing metal production contracted modestly to $X in 2021 estimated in export price. Overall, production recorded pronounced growth. The most prominent rate of growth was recorded in 2013 with an increase of 163% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports from the UK

In 2021, approx. X units of lathes for removing metal were exported from the UK; jumping by 58% against 2020 figures. Over the period under review, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the lafor removing metal exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports surged to $X in 2021. In general, exports, however, recorded a pronounced decrease. Over the period under review, the lafor removing metal exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), the United States (X units) and Turkey (X units) were the main destinations of lathe for removing metal exports from the UK, together accounting for 27% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +3.4%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for lathes for removing metal exports from the UK, comprising 38% of total exports. The second position in the ranking was taken by Ireland ($X), with a 13% share of total exports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+13.3% per year) and Germany (+3.9% per year).

Export Prices by Country

The average lathe for removing metal export price stood at $X per unit in 2021, reducing by -16.5% against the previous year. Overall, the export price, however, posted a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Pakistan ($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 China (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into the UK

In 2021, approx. X units of lathes for removing metal were imported into the UK; with an increase of 29% on the year before. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by 44% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, lathe for removing metal imports surged to $X in 2021. Overall, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 19% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and the United States (X units) were the main suppliers of lathe for removing metal imports to the UK, with a combined 73% share of total imports. These countries were followed by Japan, Germany, South Korea, Hong Kong SAR, the Netherlands, Belgium and Spain, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +67.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lathe for removing metal suppliers to the UK were South Korea ($X), Belgium ($X) and Taiwan (Chinese) ($X), together comprising 52% of total imports. These countries were followed by Japan, the Netherlands, the United States, Germany, Spain, China and Hong Kong SAR, which together accounted for a further 43%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +65.8%, 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 mixed trend patterns.

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2021, shrinking by -10.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 31%. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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