United Kingdom: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in the UK

After two years of growth, the UK agricultural product dryer market decreased by -19.9% to $X in 2021. Overall, consumption saw a noticeable decrease. Over the period under review, the market reached the maximum level at $X in 2020, and then fell significantly in the following year.

Agricultural Product Dryer Production in the UK

In value terms, agricultural product dryer production fell to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 14%. Agricultural product dryer production peaked at $X in 2020, and then dropped in the following year.

Agricultural Product Dryer Exports

Exports from the UK

In 2021, agricultural product dryer exports from the UK skyrocketed to X units, growing by 17% against the previous year. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 96%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, agricultural product dryer exports surged to $X in 2021. Overall, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +25.2% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 39% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X units) was the main destination for agricultural product dryer exports from the UK, accounting for a 29% share of total exports. Moreover, agricultural product dryer exports to Russia exceeded the volume sent to the second major destination, Bulgaria (X units), fivefold. Estonia (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+12.4% per year) and Estonia (+15.1% per year).

In value terms, Russia ($X) remains the key foreign market for dryers for the treatment of agricultural products exports from the UK, comprising 28% of total exports. The second position in the ranking was taken by Estonia ($X), with a 6.1% share of total exports. It was followed by Bulgaria, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+8.7% per year) and Bulgaria (+5.9% per year).

Export Prices by Country

In 2021, the average agricultural product dryer export price amounted to $X per unit, growing by 16% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2019 an increase of 55%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per unit) and Germany ($X per unit), while the average price for exports to Bulgaria ($X per unit) and Israel ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.8%), while the prices for the other major destinations experienced a decline.

Agricultural Product Dryer Imports

Imports into the UK

In 2021, purchases abroad of dryers for the treatment of agricultural products decreased by 0% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports continue to indicate a slight descent. The pace of growth was the most pronounced in 2016 when imports increased by 70% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, agricultural product dryer imports contracted remarkably to $X in 2021. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 33%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X units), Ireland (X units) and Sweden (X units) were the main suppliers of agricultural product dryer imports to the UK, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +54.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural product dryer suppliers to the UK were Italy ($X), Ireland ($X) and Sweden ($X), with a combined 83% share of total imports.

Ireland, with a CAGR of +55.7%, recorded the highest rates of growth with regard to the value of imports, among 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 agricultural product dryer import price amounted to $X per unit, shrinking by -45% against the previous year. Overall, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the average import price increased by 16%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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