United Kingdom: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in the UK

In 2021, the UK wood bending machine market increased by 253% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Bending Machine Exports

Exports from the UK

In 2021, overseas shipments of bending or assembling machines increased by 84% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2013 with an increase of 490% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood bending machine exports shrank to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 483% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X units), Ireland (X units) and the Netherlands (X units) were the main destinations of wood bending machine exports from the UK, together comprising 46% of total exports. These countries were followed by Slovakia, Germany, the Czech Republic, France, Mexico, the United States, Poland, Portugal and the Philippines, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +5,300.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) remains the key foreign market for bending or assembling machines exports from the UK, comprising 35% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+548.1% per year) and Poland (+16.8% per year).

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, which is down by -52.4% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 263%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Slovakia ($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 Russia (+34.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into the UK

In 2021, supplies from abroad of bending or assembling machines increased by 359% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports posted a prominent increase. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, wood bending machine imports shrank sharply to $X in 2021. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 107% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Spain (X units) were the main suppliers of wood bending machine imports to the UK, together comprising 95% of total imports. These countries were followed by the United States, the Netherlands, France and Italy, which together accounted for a further 4.5%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +30.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood bending machine suppliers to the UK were Germany ($X), China ($X) and Spain ($X), with a combined 89% share of total imports. These countries were followed by France, the United States, Italy and the Netherlands, which together accounted for a further 5.7%.

Among the main suppliers, the Netherlands, with a CAGR of +50.3%, 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 more modest paces of growth.

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, which is down by -84.4% against the previous year. Overall, the import price, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 442%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+41.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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