United Kingdom: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in the UK

In 2022, the UK construction equipment blade market decreased by -1.2% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 7.2%. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Construction Equipment Blade Production in the UK

In value terms, construction equipment blade production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 7% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Construction Equipment Blade Exports

Exports from the UK

In 2022, overseas shipments of blades for construction equipment increased by 8.1% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, construction equipment blade exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units), the United States (X units) and Hungary (X units) were the main destinations of construction equipment blade exports from the UK, with a combined 67% share of total exports. Australia, China, Brazil, Mexico, Germany and Singapore lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +86.4%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the United States ($X) and Hungary ($X) constituted the largest markets for construction equipment blade exported from the UK worldwide, together accounting for 64% of total exports. China, Australia, Brazil, Germany, Mexico and Singapore lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Brazil, with a CAGR of +52.7%, 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 more modest paces of growth.

Export Prices by Country

The average construction equipment blade export price stood at $X per unit in 2022, picking up by 16% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Australia ($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 Germany (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into the UK

In 2022, purchases abroad of blades for construction equipment increased by 16% to X units, rising for the fourth year in a row after two years of decline. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 566%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, construction equipment blade imports expanded notably to $X in 2022. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 204%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest construction equipment blade supplier to the UK, accounting for a 82% share of total imports. Moreover, construction equipment blade imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), eightfold. The third position in this ranking was taken by Italy (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +116.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+184.5% per year) and Italy (+61.9% per year).

In value terms, China ($X) constituted the largest supplier of blades for construction equipment to the UK, comprising 76% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Italy, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +63.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+99.0% per year) and Italy (+29.4% per year).

Import Prices by Country

In 2022, the average construction equipment blade import price amounted to $X per unit, declining by -5.8% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 27%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 Arab Emirates (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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