United Kingdom: Book Folding Machine Market 2024

Book Folding Machine Market Size in the UK

The UK book folding machine market skyrocketed to $X in 2022, with an increase of 19% against the previous year. In general, consumption showed a temperate expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Book Folding Machine Production in the UK

In value terms, book folding machine production stood at $X in 2022 estimated in export price. Overall, production enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 118% against the previous year. Book folding machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Book Folding Machine Exports

Exports from the UK

In 2022, shipments abroad of folding machines for books decreased by -2% to X units, falling for the third consecutive year after two years of growth. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2019 when exports increased by 33%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, book folding machine exports contracted to $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 17%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units), the United States (X units) and India (X units) were the main destinations of book folding machine exports from the UK, with a combined 44% share of total exports. China, South Korea, Germany, Vietnam, Spain, the Netherlands, Canada, Mexico, Israel and Ireland lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +28.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for folding machines for books exports from the UK, comprising 28% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.2% share of total exports. It was followed by the Netherlands, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-9.4% per year) and the Netherlands (-4.6% per year).

Export Prices by Country

In 2022, the average book folding machine export price amounted to $X per unit, with a decrease of -9.5% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 an increase of 14%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Hong Kong SAR ($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 Vietnam (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Book Folding Machine Imports

Imports into the UK

In 2022, after three years of decline, there was significant growth in overseas purchases of folding machines for books, when their volume increased by 105% to X units. Overall, imports, however, recorded a deep downturn. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, book folding machine imports surged to $X in 2022. In general, imports, however, saw a deep reduction. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

India (X units), Switzerland (X units) and Germany (X units) were the main suppliers of book folding machine imports to the UK, with a combined 46% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +40.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest book folding machine suppliers to the UK were Germany ($X), Japan ($X) and Switzerland ($X), with a combined 65% share of total imports. Italy, China, the United States, India, Portugal, Mexico and the Netherlands lagged somewhat behind, together comprising a further 27%.

India, with a CAGR of +25.2%, saw the highest growth rate of 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 2022, the average book folding machine import price amounted to $X per unit, reducing by -37.4% against the previous year. Over the period under review, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for India ($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 Netherlands (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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