United Kingdom: Transmission Apparatus Market 2024

Transmission Apparatus Market Size in the UK

For the fourth consecutive year, the UK transmission apparatus market recorded decline in sales value, which decreased by -5.6% to $X in 2021. Overall, consumption showed a pronounced slump. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Transmission Apparatus Production in the UK

In value terms, transmission apparatus production expanded markedly to $X in 2021 estimated in export price. In general, production showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Transmission Apparatus Exports

Exports from the UK

For the third consecutive year, the UK recorded decline in shipments abroad of transmission apparatus incorporating reception apparatus, which decreased by -14.4% to X tons in 2021. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 9.4%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, transmission apparatus exports shrank to $X in 2021. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for transmission apparatus exports from the UK, accounting for a 35% share of total exports. Moreover, transmission apparatus exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+8.5% per year) and Germany (-9.0% per year).

In value terms, the largest markets for transmission apparatus exported from the UK were Ireland ($X), the Netherlands ($X) and Germany ($X), with a combined 59% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +12.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average transmission apparatus export price stood at $X per ton in 2021, picking up by 2.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2019 when the average export price increased by 33%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to France ($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 Italy (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into the UK

In 2021, the amount of transmission apparatus incorporating reception apparatus imported into the UK plummeted to X tons, falling by -20.2% on 2020. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 25%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, transmission apparatus imports rose to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 12% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of transmission apparatus to the UK, accounting for a 55% share of total imports. Moreover, transmission apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-5.3% per year) and Germany (+1.2% per year).

In value terms, China ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to the UK, comprising 66% of total imports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total imports. It was followed by India, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-0.5% per year) and India (+26.4% per year).

Import Prices by Country

The average transmission apparatus import price stood at $X per ton in 2021, growing by 28% against the previous year. Overall, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 45% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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 South Korea ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :