United Kingdom: Hand Sieve Market 2024

Hand Sieve Market Size in the UK

The UK hand sieve market reduced sharply to $X in 2022, with a decrease of -55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a mild increase. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Hand Sieve Exports

Exports from the UK

In 2022, shipments abroad of hand sieves and hand riddles was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a mild slump. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand sieve exports soared to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units), Italy (X units) and the United Arab Emirates (X units) were the main destinations of hand sieve exports from the UK, with a combined 42% share of total exports. Australia, France, Germany, Belgium, Ireland, Saudi Arabia and Egypt lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Australia ($X) and Italy ($X) constituted the largest markets for hand sieve exported from the UK worldwide, with a combined 45% share of total exports.

Among the main countries of destination, South Africa, with a CAGR of +30.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand sieve export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 18% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Belgium ($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 Ireland (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Sieve Imports

Imports into the UK

In 2022, hand sieve imports into the UK fell notably to X units, with a decrease of -40.5% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, hand sieve imports fell significantly to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +11.3% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand sieve to the UK, accounting for a 77% share of total imports. Moreover, hand sieve imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The United States (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.0% per year) and the United States (+43.6% per year).

In value terms, China ($X) constituted the largest supplier of hand sieves and hand riddles to the UK, comprising 79% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by the United States, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.0% per year) and the United States (+20.4% per year).

Import Prices by Country

The average hand sieve import price stood at $X per unit in 2022, with an increase of 3% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2014 an increase of 17%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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