United Kingdom: Dairy Machinery Market 2024

Dairy Machinery Market Size in the UK

The UK dairy machinery market rose significantly to $X in 2022, surging by 7.7% against the previous year. In general, consumption saw a relatively flat trend pattern. Dairy machinery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Dairy Machinery Production in the UK

In value terms, dairy machinery production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 52%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Dairy Machinery Exports

Exports from the UK

In 2022, shipments abroad of dairy machinery increased by 1% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2018 with an increase of 20%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, dairy machinery exports expanded notably to $X in 2022. Over the period under review, exports, however, saw a slight contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 26%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for dairy machinery exports from the UK, accounting for a 26% share of total exports. Moreover, dairy machinery exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. India (X units) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.2% per year) and India (-12.7% per year).

In value terms, the largest markets for dairy machinery exported from the UK were Turkey ($X), the United States ($X) and Ireland ($X), with a combined 43% share of total exports. The Netherlands, Brazil, Germany, Australia, India, Italy, Malaysia, Iran, Iraq and Madagascar lagged somewhat behind, together comprising a further 27%.

Germany, with a CAGR of +12.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dairy machinery export price stood at $X per unit in 2022, rising by 9.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, 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 Turkey ($X per unit), while the average price for exports to Iraq ($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 Turkey (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Machinery Imports

Imports into the UK

In 2022, supplies from abroad of dairy machinery was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 150% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, dairy machinery imports skyrocketed to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 188% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), New Zealand (X units) and Denmark (X units) were the main suppliers of dairy machinery imports to the UK, with a combined 36% share of total imports. Poland, China, Ireland, Turkey, France, Iceland, Slovenia, Greece, Finland and Germany lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +90.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of dairy machinery to the UK, comprising 33% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Poland, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark totaled +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.5% per year) and Poland (-6.9% per year).

Import Prices by Country

The average dairy machinery import price stood at $X per unit in 2022, waning by -27.6% against the previous year. Overall, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2014 an increase of 87% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 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 Denmark ($X per unit), while the price for Iceland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+29.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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