United Kingdom: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in the UK

The UK agricultural forestry machinery market expanded to $X in 2022, surging by 2.8% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Agricultural forestry machinery consumption peaked in 2022 and is expected to retain growth in the near future.

Agricultural Forestry Machinery Production in the UK

In value terms, agricultural forestry machinery production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 32% against the previous year. Agricultural forestry machinery production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Agricultural Forestry Machinery Exports

Exports from the UK

In 2022, shipments abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by -5.5% to X units, falling for the third consecutive year after four years of growth. In general, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 56%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, agricultural forestry machinery exports fell to $X in 2022. Overall, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.5% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 57%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Ireland (X units) and New Zealand (X units) were the main destinations of agricultural forestry machinery exports from the UK, together accounting for 36% of total exports. Australia, the United States, France, Poland, the Netherlands, Turkey, Denmark, Sweden, Lebanon and Lithuania lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +48.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Ireland ($X) and New Zealand ($X) constituted the largest markets for agricultural forestry machinery exported from the UK worldwide, together accounting for 35% of total exports. The United States, Australia, France, the Netherlands, Denmark, Poland, Sweden, Lithuania, Turkey and Lebanon lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Lithuania, with a CAGR of +59.9%, 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

The average agricultural forestry machinery export price stood at $X per unit in 2022, increasing by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 39% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Lebanon ($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 Ireland (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into the UK

In 2022, supplies from abroad of agricultural forestry machinery (lawn or sportsground rollers) increased by 8.4% to X units, rising for the sixth year in a row after two years of decline. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 37%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, agricultural forestry machinery imports soared to $X in 2022. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Denmark (X units), Italy (X units) and China (X units) were the main suppliers of agricultural forestry machinery imports to the UK, with a combined 62% 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 Denmark (with a CAGR of +36.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural forestry machinery suppliers to the UK were Italy ($X), the United States ($X) and Denmark ($X), with a combined 45% share of total imports.

Denmark, with a CAGR of +25.7%, saw the highest rates of growth with regard to 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 agricultural forestry machinery import price stood at $X per unit in 2022, increasing by 11% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for Denmark ($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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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