United Kingdom: Concrete Pump Market 2024

Concrete Pump Market Size in the UK

After three years of decline, the UK concrete pump market increased by 1.7% to $X in 2021. Overall, consumption recorded a perceptible decline. The pace of growth was the most pronounced in 2017 when the market value increased by 7.6% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Concrete Pump Production in the UK

In value terms, concrete pump production stood at $X in 2021 estimated in export price. In general, production saw a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Concrete Pump Exports

Exports from the UK

After two years of decline, overseas shipments of concrete pumps increased by 3.9% to X units in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by 60%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete pump exports soared to $X in 2021. Overall, exports enjoyed tangible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X units), Belgium (X units) and Ghana (X units) were the main destinations of concrete pump exports from the UK, together comprising 49% of total exports. These countries were followed by the United States, Israel, Iraq, Germany, the Netherlands, France, Spain, Poland and Australia, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) emerged as the key foreign market for concrete pumps exports from the UK, comprising 43% of total exports. The second position in the ranking was held by Ireland ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Iraq amounted to +87.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+98.6% per year) and the Netherlands (+25.8% per year).

Export Prices by Country

In 2021, the average concrete pump export price amounted to $X per unit, picking up by 102% against the previous year. Overall, the export price saw a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to Ghana ($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 Australia (+40.5%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Pump Imports

Imports into the UK

Concrete pump imports into the UK rose rapidly to X units in 2021, with an increase of 13% on 2020 figures. In general, imports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 148%. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, concrete pump imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 80% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of concrete pump to the UK, accounting for a 55% share of total imports. Moreover, concrete pump imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.0% per year) and Italy (+37.4% per year).

In value terms, the largest concrete pump suppliers to the UK were Germany ($X), Italy ($X) and South Korea ($X), with a combined 81% share of total imports.

South Korea, with a CAGR of +60.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average concrete pump import price amounted to $X per unit, rising by 6% against the previous year. Overall, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 78% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+34.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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