United Kingdom: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in the UK

In 2022, the UK stone polishing machine market increased by 6.8% to $X, rising for the sixth consecutive year after four years of decline. Over the period under review, consumption, however, showed a pronounced curtailment. Stone polishing machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Stone Polishing Machine Production in the UK

In value terms, stone polishing machine production reached $X in 2022 estimated in export price. In general, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 43%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from the UK

In 2022, approx. X units of grinding or polishing machines for working stone, ceramics and concrete were exported from the UK; growing by 35% compared with 2021. Overall, exports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 140%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, stone polishing machine exports declined to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Canada (X units) and Spain (X units) were the main destinations of stone polishing machine exports from the UK, with a combined 62% share of total exports. India, Lithuania, Japan, the United States, France, Australia, South Africa, Norway, Malaysia and Argentina lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +81.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from the UK, comprising 41% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.7% share of total exports. It was followed by Canada, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.4% per year) and Canada (+10.8% per year).

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, shrinking by -33% against the previous year. In general, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2015 an increase of 63% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the 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 United States ($X per unit), while the average price for exports to Spain ($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 the United States (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.

Stone Polishing Machine Imports

Imports into the UK

In 2022, overseas purchases of grinding or polishing machines for working stone, ceramics and concrete increased by 122% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a slight curtailment. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, stone polishing machine imports surged to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Bulgaria (X units) and Spain (X units) were the main suppliers of stone polishing machine imports to the UK, together accounting for 61% of total imports. The United States, the Czech Republic, France, China and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +1,527.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to the UK, comprising 46% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Germany, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.2% per year) and Germany (-10.2% per year).

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, with a decrease of -42.5% against the previous year. Over the period under review, the import price, however, saw moderate growth. The growth pace was the most rapid in 2013 when the average import price increased by 63% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 France ($X per unit), while the price for the Czech Republic ($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 Czech Republic (+707.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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