United Kingdom: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in the UK

In 2021, after three years of growth, there was decline in the UK metal broaching machine market, when its value decreased by -0.4% to $X. Over the period under review, consumption, however, showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Metal Broaching Machine Production in the UK

In value terms, metal broaching machine production amounted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 13% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Broaching Machine Exports

Exports from the UK

In 2021, approx. X units of broaching machines for working metal were exported from the UK; approximately mirroring the previous year's figure. Over the period under review, exports faced a sharp contraction. The pace of growth was the most pronounced in 2015 when exports increased by 143% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal broaching machine exports contracted to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 18% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Germany (X units) and Lithuania (X units) were the main destinations of metal broaching machine exports from the UK, with a combined 75% share of total exports. These countries were followed by Spain, Singapore, China, Vietnam, the United States, the United Arab Emirates and India, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +7.8%), while the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) emerged as the key foreign market for broaching machines for working metal exports from the UK, comprising 43% of total exports. The second position in the ranking was held by Germany ($X), with an 18% share of total exports. It was followed by the United States, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-11.9% per year) and the United States (-23.3% per year).

Export Prices by Country

The average metal broaching machine export price stood at $X per unit in 2021, reducing by -7.2% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 160% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the 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 the United States ($X per unit), while the average price for exports to Lithuania ($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 India (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Broaching Machine Imports

Imports into the UK

In 2021, imports of broaching machines for working metal into the UK soared to X units, rising by 432% compared with the previous year. In general, imports posted a perceptible increase. The pace of growth was the most pronounced in 2013 when imports increased by 6,473% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, metal broaching machine imports surged to $X in 2021. Over the period under review, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 782% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal broaching machine to the UK, with a 80% share of total imports. Moreover, metal broaching machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.3% per year) and Germany (+8.0% per year).

In value terms, the United States ($X) constituted the largest supplier of broaching machines for working metal to the UK, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.9% per year) and Germany (+12.3% per year).

Import Prices by Country

In 2021, the average metal broaching machine import price amounted to $X per unit, declining by -41.5% against the previous year. Overall, the import price faced a abrupt contraction. The pace of growth was the most pronounced in 2017 an increase of 73,326% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+80.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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