United Kingdom: Threshing Machinery Market 2024

Threshing Machinery Market Size in the UK

The UK threshing machinery market rose sharply to $X in 2022, with an increase of 5.3% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Threshing Machinery Production in the UK

In value terms, threshing machinery production expanded rapidly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 53% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Threshing Machinery Exports

Exports from the UK

After four years of growth, overseas shipments of threshing machinery except combine harvester-threshers decreased by -3.2% to X units in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 221% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then dropped in the following year.

In value terms, threshing machinery exports surged to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 247% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for threshing machinery exports from the UK, accounting for a 64% share of total exports. Moreover, threshing machinery exports to the United States exceeded the volume sent to the second major destination, Australia (X units), fourfold. The third position in this ranking was held by Poland (X units), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +72.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+60.9% per year) and Poland (+34.8% per year).

In value terms, the United States ($X) remains the key foreign market for threshing machinery except combine harvester-threshers exports from the UK, comprising 71% of total exports. The second position in the ranking was taken by Australia ($X), with an 18% share of total exports. It was followed by Bulgaria, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +77.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+71.2% per year) and Bulgaria (+72.9% per year).

Export Prices by Country

In 2022, the average threshing machinery export price amounted to $X per unit, growing by 20% against the previous year. Overall, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 204% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Thailand ($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 Bulgaria (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into the UK

In 2022, after two years of decline, there was significant growth in overseas purchases of threshing machinery except combine harvester-threshers, when their volume increased by 714% to X units. Overall, imports, however, faced a sharp descent. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, threshing machinery imports soared to $X in 2022. In general, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 338%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Ireland (X units) were the main suppliers of threshing machinery imports to the UK, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Austria ($X) constituted the largest threshing machinery suppliers to the UK, with a combined 72% share of total imports.

China, with a CAGR of +48.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average threshing machinery import price stood at $X per unit in 2022, with a decrease of -71.9% against the previous year. In general, the import price, however, posted a notable increase. The pace of growth appeared the most rapid in 2021 an increase of 287% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank markedly 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 Austria ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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